RICS Briefing [electronic source] spending review 2010-2015, impacts on land, property and construction
RICS Briefing spending review 2010-2015, impacts on land, property and construction [electronic source]
- London RICS 2010
Any pain in the property and construction sector resulting from the review will be felt in the economy as a whole. By reducing Communities and Local Government capital spending by 74% over the next four years government is gambling with the economy. This comes on top of a 60% reduction in construction and refurbishment spending in schools. RICS believes that plans for a Green Infrastructure Bank cannot succeed with only £1bn budget allocated. The new London and Bristol property vehicles are welcome. Next year's Budget must provide opportunities to support innovation and growth by making fiscal adjustments that will have a big payback.
COMPREHENSIVE SPENDING REVIEW
United Kingdom--
352.4941 $2 18
Any pain in the property and construction sector resulting from the review will be felt in the economy as a whole. By reducing Communities and Local Government capital spending by 74% over the next four years government is gambling with the economy. This comes on top of a 60% reduction in construction and refurbishment spending in schools. RICS believes that plans for a Green Infrastructure Bank cannot succeed with only £1bn budget allocated. The new London and Bristol property vehicles are welcome. Next year's Budget must provide opportunities to support innovation and growth by making fiscal adjustments that will have a big payback.
COMPREHENSIVE SPENDING REVIEW
United Kingdom--
352.4941 $2 18