Business leaders have warned the Government not to repeat past mistakes and ignore the urgent need to invest in transport infrastructure.
The CBI said it was necessary the spending review prioritised infrastructure in order to boost the recovery, create new jobs and attract investment in the UK.
The business lobby believes key ministerial decisions on infrastructure spending are imminent.
John Cridland, the CBI’s deputy director-general, said: ‘The UK already lags well behind its competitors in spending on infrastructure, such as roads and rail.’
He pointed out that, in the years when government spending rose between 2000 and 2007, the UK’s investment in transport was still the lowest of all OECD countries.
He added: ‘Reducing spend on transport links might seem a politically saleable option, but it’s just not in the country’s long-term interests.’
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