TUC – investment in key UK infrastructure shows government is serious about “industrial revival”

Commenting on the infrastructure investment measure announced as part of today’s budget, TUC General Secretary Paul Nowak said:

“This budget shows the government is serious about industrial revival.

“This is a step change from the Conservatives who starved our nation’s infrastructure of investment. That’s why our water pipes are leaking, our trains delayed and our hospitals and schools crumbling.

“The Chancellor’s investment into rail projects, upgrades to our automotive factories and green hydrogen projects will start to build a better Britain.”

Commenting on the Chancellor’s change in fiscal rules to define debt as Public Sector Net Financial Liability to enable public capital investment with returns, Paul Nowak said,

“This is common sense – countries that invest in the infrastructure of the future are better off over time. The Chancellor’s approach marks a vital first step towards the good jobs, energy independence and high-quality national infrastructure that the nation urgently needs.”