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Friday 22 July 2016

Brexit: and infrastructure projects

In the week following the referendum, voices were raised about the viability of big-spend projects in the West Country:
Has Brexit killed off Plymouth's chance to reopen airport? | Plymouth Herald
Futures Forum: Brexit: and the South West

Today's news on Brexit has been dominated by a big question mark over several prestigious national infrastructure projects:
Brexit 'could affect London transport infrastructure' - BBC News
What Brexit means for the UK's infrastructure projects | Financial Director
Infrastructure schemes 'will have to be scrapped following Brexit vote' | Planning Resource

Including Hinkley:

“We need to ask ourselves, can the public sector deliver Hinkley Point C, a third runway, HS2, a northern powerhouse, nuclear decommissioning, Trident renewal and restoration and renewal of the Palace of Westminster all at the same time?

“All these projects are drawing on the same pool of skills and many of these contain optimism bias that they will be able to meet their skill needs at an appropriate cost,” he said, while declining to speculate on which should be scrapped.

“You are going to have to rein in projects … and say, what is the benefit? How damaging is it not to have it for a period of time? Can we afford it?” he said.


Brexit could force multibillion-pound projects to be scrapped, says NAO chief | Politics | The Guardian

From today's Mail:

Brexit is a 'tidal wave' that will wash away and cancel major infrastructure projects such as new nuclear power, spending watchdog warns

Sir Amyas Morse said billions of pounds of projects need to be scrapped
NAO chief said it is not 'sustainable' to 'carry on as before' with schemes
Sir Amyas is the Government's chief auditor of all public spending


By TIM SCULTHORPE, MAILONLINE DEPUTY POLITICAL EDITOR 22 July 2016


Brexit is a 'tidal wave' that means billions of pounds of infrastructure projects will have to be scrapped by Theresa May's government, the official public spending watchdog has warned.

Sir Amyas Morse, the auditor general of the National Audit Office, warned schemes such as the restoration of the Palace of Westminster, a third runway at Heathrow and new railways including HS2 and Crossrail 2 all need to be reassessed.

In a rare newspaper interview, Sir Amyas said Brexit was an 'emergency' that needed a rapid response to avoid damage to the economy.


Brexit means cuts are needed to major projects such as the HS2 railway watchdog warns | Daily Mail Online
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