Project Speed. These are deliberate words designed to make the latest government announcement of an infrastructure delivery taskforce sound dynamic and exciting. The prime minister has gone further, drawing parallels between his plans for capital investment in schools, hospitals and transport projects and the US president Franklin D Roosevelt’s New Deal of the 1930s.

So just what has been promised by Boris Johnson and how will construction benefit? On the one hand, Tuesday’s “Build, build, build” speech, with its determined focus on the industry’s role in restarting the economy and a pledge to accelerate £5bn of investment, was immensely encouraging. On the other hand, it is clear that despite a big PR lead‑up, no actual new money is on the table – the spending announced has already been factored into the economy by the chancellor under previous plans …