Chancellor George Osborne has criticised the UK's infrastructure blaming previous governments that "ducked difficult decisions".
Speaking this week at the CBI annual dinner, Osborne pledged to start work on improving the country's rail and road network and take swift action on runway expansion.
“In this Parliament we’re going to legislate for and start building the high speed rail links that other countries built decades ago," said Osborne.
“Our physical infrastructure is not nearly good enough, and previous governments ducked the difficult decisions,” he added.
“We’re going to ramp up investment in roads…and give Britain the fastest broadband and the most competitive telecoms."
Osborne said once the government receives the Howard Davies report on airport expansion then "we’re going to take the decision and get it built".
The chancellor gave no indication on his preference between Heathrow or Gatwick.