The government wants to build a better UK, but does it have the foundations? The treasury announced plans for a new National Infrastructure and Service Transformation Authority (NISTA). They’ll focus on making strategic cases that focus on outcomes over outputs. Will they finally solve how we deliver infrastructure? Find out in this blog by ICE Policy Fellow, Jonathan Moore: https://lnkd.in/djP-guV4
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The markets are in record high territories, infrastructure projects funded under President Biden’s administration are beginning to reap rewards for local communities, Powell has indicated positive trends for inflation control and consumer demand is staying healthy. how do you rebalance your portfolio in this environment and manage risk? Contact me to get more for your money and embark on a robust #financialplan during this election year! #investments #riskmanagement https://lnkd.in/dWB8xfES
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England first…now France, perhaps followed by Japan. “Bear in mind that the likes of Ireland, Portugal and Spain were all swept up in the eurozone’s sovereign debt crisis just over a decade ago. If France’s position looks more stretched than theirs, that is concerning. Ian Harnett of Absolute Strategy Research in London further points out that France has been borrowing from the future since the Global Financial Crisis in a way unseen elsewhere in the developed world. It’s well-known that the US has tried much more aggressive fiscal expansion than anyone in the eurozone; it’s very much less well-known that French corporate debt is even bigger than the US as a proportion of GDP.
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📈 Treasury shake-up alert: Business rates are now AME classified, regional spending is surging, and construction's booming. Ready to navigate these changes? Here's what public sector leaders need to know 👇 https://lnkd.in/dktJQswh #PublicSector #Business
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This is an excellent proposal. It would need to be matched with the policy consistency needed to see big projects through to completion and not the political vacillation we have seen on the HS2 project. #industrialstrategy #infrastructure
Today's papers are filled with news and analysis on the upcoming General Election. However, many will have missed an important announcement from Darren Jones, Labour's Shadow Chief Secretary to the Treasury, on his proposal to merge the Infrastructure and Projects Authority and the National Infrastructure Commission. Jones told the Financial Times his planned merger would create an organisation “at the heart of government” intended to get a grip on the issue. “The problem we are trying to fix is Britain can’t really build anything anymore,” Jones said. “Investors look at the UK and don’t believe we’re going to build the things we say we’re going to build.” A significant announcement which if enacted in 6 weeks could boost the UK's ability to attract investment for expedited infrastructure projects. Get in touch with Rory Puxley in our Infrastructure Practice if you'd like to know more. #GE24 #politics #infrastructure
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A major sticking point for some people around this is the sunk cost fallacy. I remember a professor in university telling the class of 19-22 year olds to give up on the idea of a train infrastructure because America had already invested too much in the highway and could never change (not a very smart idea to kill the budding interest of your students in the subject you're teaching, but that's a different post altogether). Many people believe that because you've invested a lot in a highway infrastructure, you cannot simply acknowledge the project didn't work as planned and do something different. This is a complicated process due to budgeting and finances, however it's incredibly important to acknowledge that when something is not working, it's not going to work better just because you do more of it. The industry needs more flexibility around course correction.
For local governments, financial solvency is a prerequisite for long-term prosperity. Highway expansion is one of the worst projects a city can take on, requiring massive amounts of debt and returning barely any revenue.
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What's driving the record-breaking municipal bond issuance in 2024? Chad Farrington, CFA speaks with Bloomberg's Lily Meier about how #infrastructure costs are impacting municipal borrowing. ➡️ Read the full article here: http://dws.co/6044fwkEQ.
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In today’s Financial Times, I reference need for renewed focus on spending transformation within NI Executive and Civil Service. An embedded ethos of spending on prevention and ‘investing to save’ is key for future NI public finances https://lnkd.in/eECfXMvj
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Should the government deploy public-private partnerships to help deliver the UK’s infrastructure ambitions? What can the UK learn from progressive governments oversees? To find out, join FGF and an expert panel online this Thursday at 12:30 📆 Sign up: https://lnkd.in/ecyMjTRr #investment #partnership #economics #infrastructure
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