Lobbying on spending begins as new prime minister moves into Number 10
The Chartered Institute of 黑洞社区 (CIOB) has called on the new coalition government to 鈥渂uild the UK鈥檚 future and invest in construction鈥�.
After five days of political wrangling, it was finally announced yesterday evening that David Cameron was the new prime minister, with Nick Clegg taking on the role of his deputy in a Conservative/Lib Dem coalition.
Today Chris Blythe, the chief executive of the CIOB, urged the new government to push ahead with a sustained programme of national investment. Adding that the physical infrastructure of the UK 鈥渦nderpins the entire economic and social infrastructure鈥�.
He added: 鈥淚nvestment in the built environment can spread the benefits of an economic stimulus to all parts of the UK. For every 拢1m spent on construction output 拢2.84 is generated in total economic activity, and 92p of every 拢1 spent on construction is retained in the UK.鈥�
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