Consultancy Turner & Townsend has expressed disappointment at capital spending cuts announced in the Comprehensive Spending Review.
Chancellor George Osborne announced that capital spending would fall from £68.7bn in 2009/10 to £47.2bn in 2014/15.
Turner & Townsend director David Mathieson said: “It is disappointing that he has not really changed his capital spending commitments from where they were in the June budget.
“Capital spending is a relatively cheap way to support and drive the economy, particularly construction which represents about 8 per cent of GDP. A modest increase in capital spend would bring significant returns in growth and tax take.”