A UK national infrastructure account should be established In order to inform public policy and infrastructure investment decisions at the public and private levels;
The Office of National Statistics should employ a statistical record of the UK’s infrastructure base in the same way as it collects current and capital account data
ONS should interview and survey selected infrastructure providers, users, policy makers and regulators about the current state of the UK’s infrastructure and future investment intentions (A new independent body could be an option but the ONS is probably the best qualified to provide such a function);
The body would seek a broad consultation with key stakeholders in order to construct an effective model for monitoring infrastructure investment at the regional and sector levels
There should be an infrastructure record keeping requirement of utility, energy and transport service providers to keep stock of their assets and broader networks. The private sector should also play a key role in the necessary data gathering;
The infrastructure account could be linked into the existing collection of gross fixed capital formation data – a measure of fixed investment by government, businesses and households – but with the added dimension of regional, sector and critical elements;
The national infrastructure account would foster transparency and accountability in UK capital investment.