Julie Meyer: UK economy 'will grow'
In his Spending Review on Wednesday, George Osborne said "when money is short we should ruthlessly prioritise those areas of public spending which are most likely to support economic growth, including investments in our transport and green energy infrastructure, our science base and the skills and education of citizens".
Some big infrastructure projects survived the chop - for example £30bn has been set aside for capital spending which includes £500m for the Tyne and Wear Metro and Tees Valley bus network. London's Crossrail is also going ahead as planned
The government hopes that the creation of a Green Investment Bank could create green jobs by encouraging investment in energy efficiency.
Julie Meyer is the Chief Executive of Ariadne Capital and one of the dragons on the BBC's Online Dragons Den. She told the BBC that the review had given the business community "confidence" and she believed the UK's economy "would grow" in the third quarter.
22 Oct 2010
- From the section Business