Chris Leslie MP, Labour’s Shadow Chief Secretary to the Treasury, responding to a Treasury update on the UK Guarantee scheme, said:

“After three wasted years this Government is still failing to deliver on infrastructure.

“Less than a fifth of one per cent of the promised Treasury guarantees have been awarded and to just one project. And this comes after the Government’s own figures showed just 7 out of 576 projects in its infrastructure pipeline have been completed and 80 per cent haven’t even been started.

“At a time when we need to invest in infrastructure to create jobs and boost living standards, and strengthen our economy for the long-term, this is an appalling record.”