The UK government has announced a £718bn infrastructure pipeline over the next decade, with energy projects dominating planned investment. The Treasury's National Infrastructure and Service Transformation Authority revealed 734 projects worth £718bn, two-thirds of which involve private finance. This represents a slight decrease from last year's £725bn pipeline.

However, McKinsey consultancy warned that the UK faces a £163bn shortfall in infrastructure delivery between 2015 and 2024, with only 59% of promised spending materializing. The firm called for reversing nearly a decade of under-delivery, emphasizing the need for greater accountability and project leadership. The government aims to boost private-sector infrastructure investment, with financing deals reaching record highs in 2025.

Energy projects account for the largest share of planned investment, while £50bn in water projects including reservoirs and pipelines will be financed through customer surcharges. The pipeline also estimates a need for 629,000 to 706,000 construction workers over five years. With annual spending needing to rise 54% to £73bn to meet government targets, failure to increase investment could leave £254bn of infrastructure undelivered over the next decade.