UK confronts massive funding gap to tackle crumbling infrastructure

https://www.ft.com/content/54be03c9-d6d1-4925-b125-240946fea827

Posted by F0urLeafCl0ver

6 Comments

  1. WingiestOfMirrors on

    Sounds positive, I can’t comment on the economic side of things but coming from the infrastructure side of things we are constantly banging our heads against a lack of funding for schemes. There are 1000s of ready designed schemes ready to go once funding is secured and the clients can get a contractor to do the works

  2. binglybinglybeep99 on

    I have made a few off the cuff replies in this thread, but wanted to question the headline – WHO is saying this? is it EY? A “consultancy” employed by whom?

    I don’t deny that the UK DOES need massive investment in infrastructure that would benefit the entire country, but where does that come from? Who pays? and how does it involve the devolved nations?

  3. Labour nationally seem more interested in building new roads than new public transport. Same is happening in London where recently elected Labour councils are rolling back on public transport and active travel promises.

  4. Sorry for noob question but we can create our own money, right? So the £20 bil black hole we could just print money to fill that. I know it would cause inflation, but the £20 bil is nothing compared to the half a trillion printed for COVID which caused the 15% etc.

    Also if we can print money, why do we have to borrow any? Surely it would be better to conjure up a billion pounds rather than sell debt that still adds money into the economy but that you also have to pay interest on?

  5. If we invest in education and health we will get our money back . If we build new buildings they will be there for years, again a good investment.