UK Project Management Round Up

Introduction

Attention in UK has shifted from the General Election with its unexpected outcome to the position the new administration intends on major projects so this report looks at the recently announced Budget and its impact on projects. The past month has been dominated by the Gulf of Mexico oil disaster and the efforts to recover the position, which prompts a look at some legal aspects of projects. We also comment on development with the 2012 Olympics whose management team has just announced new appointments and reported performance against targets.

Government Priorities

The incoming Conservative – Liberal Coalition has consistently claimed that it has inherited a disastrous fiscal position for the discredited labour regime. So bad is the state of the nation’s economy claimed to be that one of the early acts of the new Administration has been to axe £11.5 billion of planned and in some cases, approved, government spending. This first hack at the £155 Billion deficit may seem a drop in the ocean but many pet Labour programmes in what were marginal election constituencies have been hit, including the roll out of the future jobs fund, 6 months worth of recruitment subsidies , the dropping of young person’s guarantee and the loss of 2 years worth of Jobseekers allowances: this bundle totalled some £1.3 Billion.

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