The Budget last week was a disappointment. There were headline-grabbing announcements on mortgage and equity schemes to boost housebuilding, but none of the details the industry had been hoping for on progress to major infrastructure projects. The additional £3bn for infrastructure from 2015 is of course very welcome, but projects need to get moving before that. There were no announcements on schemes qualifying for UK Guarantees and little movement on the 40 priority projects outlined in autumn 2011 (see pages 16-17).
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