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ARTICLE · 21 OCTOBER 2010

Comprehensive Spending Review – Implications for Infrastructure Investment

CMS Cameron McKenna Nabarro Olswang
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Today the Chancellor of the Exchequer, George Osborne, has set out the Government’s four-year public spending plans in the much-anticipated Comprehensive Spending Review ("CSR").

United KingdomGovernment, Public Sector
Frank Dufficy
Frank Dufficy

Today the Chancellor of the Exchequer, George Osborne, has set out the Government's four-year public spending plans in the much-anticipated Comprehensive Spending Review ("CSR").

Investors in infrastructure have faced a period of considerable uncertainty since the election of the Coalition in May this year, but can now take stock about what the CSR means for future opportunities in the infrastructure sector in the UK.

The CSR sets out how resources are allocated across all of the government departments for the years 2011/12 to 2014/15. The four-year plans allow for a clear direction to be set for the future and show where the Government's priorities will lie during this period. The review takes place at a time of record budget deficit and departmental budgets, with the exceptions of health and overseas aid, will be cut by an average of 19% over four years.

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