The UK Government should use the Autumn Statement to clarify its intent toward foreign investment in UK infrastructure, urges GIIA’s CEO Andy Rose.
In an interview with the Mail on Sunday, (2nd October 2016) Andy pointed to the current levels of uncertainty facing investors in the UK.
“Delays to large infrastructure projects already in the pipeline, the recent announcement to review rules on foreign ownership of critical national infrastructure and talk of a new international trade strategy have combined to create unusual levels of uncertainty in the UK. In isolation, these issues might be understandable but when viewed together, the UK is in danger of sending the wrong message to those that stand ready to invest £ billions in vital UK infrastructure.” Said Rose.
He continued: “When international infrastructure investors are considering where to focus their activities they are seeking stable government policies, a clear pipeline of projects and reduced barriers for investment. Many of GIIA’s members could have a crucial role to play in delivering the international investment the UK needs in the post-Brexit world. We look forward to working collaboratively with UK Government to help create the right environment to deliver this”.