Businesses argue the case for greater investment in public infrastructure

This excellent video by Stephanie Flanders raises some important issues as we enter a period of significant and sustained cuts in government spending. A new report by PwC estimates that 1 million jobs will be lost as a direct and indirect result of the spending cuts. The government is assuming that the private sector will grow to create a similar number of new jobs. But, as is pointed out in the video, one issue is that the UK’s business infrastructure (e.g. broadband internet, rail network, airport systems) may not be able to handle a significant increase in economic activity in the private sector.

Click on the video below to watch: