... meant extra pressures on the government and its agencies to make the correct decisions. There has been mass under investment because British governments over the past have been accused of adopting a policy of short-termism. This government policy has resulted in substantial under investment in key public asset programmes (i.e. education, health, transport etc...). Short-termism is also a major problem for public service organisations as many large-scale investment programmes are over long periods of time. The amount of resources available for capital expenditure has made the need for good analytical information being available all the more important. Investment needs to be highly practical because it has wide political repercussions and is very important as it concerns the society as a whole. There are other areas to look at to help explain why the capital expenditure budget has fallen. One explanation is that there have been rises in other area such as social security ...

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