PPP Briefing: Current Developments in the United Kingdom - September 2010.
Mondaq Business Briefing › Nbr. 2010, January 2010
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PPP Briefing: Current Developments in the United Kingdom - September 2010.
We have a new government, whose overriding priority is deficit reduction. Over the Spring and Summer there has been a stream of announcements on PPP with some projects being approved, others cancelled and many made subject to a review, which will only be completed in the Autumn. Of the announcements so far the one that stands out is the cancellation of the Building Schools for the Future programme on 5 July. Ministers have blown both hot and cold on PPP as they get to grips with the work of Government. However, any understanding of how severe the cuts will be and what this means for the UK infrastructure industry in terms of pipeline and cancellations will have to await the publication of the Comprehensive Spending Review on 20 October 2010.
At the time of writing it remains difficult to discern any overarching policy thread that unites the new government's approach to PPP. George Osborne, the Chancellor, specifically mentioned the need to continue with investment in infrastructure in his emergency budget statement on 22 June and has rep...See the full content of this document
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