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Scots adopt construction spending plan for growth
The Scottish Government plans to deliver a Plan B-style spending boost on construction to prevent the economy tumbling into recession. Scottish ministers are scheduled to unveiled their £9bn construction stimulus budget on Wednesday, releasing £750m of new money for building and infrastructure projects.
The SNP Government Budget is bypassing UK spending guidelines, which assumed a third would chopped from capital spending by 2014. Universal support was given to switching £750m from day-to-day spending into the capital expenditure budget with hopes that it will offer a boost to the construction sector and avoid a double dip recession.
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