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[Bowdon]

CBI Joins Calls for Boost to UK Digital Infrastructure Investment

The Confederation of British Industry, which speaks on behalf of 190,000 UK businesses, has today added its voice to the growing chorus of people calling on the Government to use next month’s Autumn Statement 2016 as a platform to boost investment in digital infrastructure (broadband etc.).

The new Chancellor, Philip Hammond MP, is due to issue his first Autumn Statement on 23rd November 2016 and there’s already been plenty of speculation about the possibility that this may include a fresh commitment to invest more money into improving national infrastructure, particularly broadband, energy and transport.

In keeping with that the CBI has today proposed an increase in average Public Sector Net Investment spending this Parliament to 2% of GDP (it is otherwise forecast to fall to 1.7%), which would effectively increase the average annual public investment by £6 billion.