Treasury caution and vicious red tape are holding infrastructure projects back, no wonder a recession is looming
Since the last general election, the Conservatives have lavished billions of pounds on building new infrastructure – but there seems precious little to show for it.is just the most glaring example of this country’s difficulty in getting anything built.
There are two main culprits: Treasury caution and vicious red tape that makes it much harder to build. Perhaps the financial meltdown that followed Liz Truss and Kwasi Kwarteng’s efforts to buck this grim trend justifies this caution. But that does not tell the whole story.
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