Lobbying on spending begins as new prime minister moves into Number 10
The Chartered Institute of Building (CIOB) has called on the new coalition government to â€œbuild the UKâ€™s future and invest in constructionâ€.
After five days of political wrangling, it was finally announced that David Cameron was the new prime minister, with Nick Clegg taking on the role of his deputy in a Conservative/Lib Dem coalition.
Chris Blythe, the chief executive of the CIOB, urged the new government to push ahead with a sustained programme of national investment. Adding that the physical infrastructure of the UK â€œunderpins the entire economic and social infrastructureâ€.
He added: â€œInvestment in the built environment can spread the benefits of an economic stimulus to all parts of the UK. For every Â£1m spent on construction output Â£2.84 is generated in total economic activity, and 92p of every Â£1 spent on construction is retained in the UK.â€