Rishi Sunak plans new investment bank for UK infrastructure projects
UK Chancellor Rishi Sunak is set to unveil a new National Infrastructure Strategy next week for an estimated 100-billion pounds worth of long-term investment, including a new bank to leverage private sector capital for such projects, media reports said on Saturday.
The Indian-origin finance minister, who is leading the country’s economic fightback against the coronavirus pandemic, will publish the strategy to help tackle the climate crisis and invest in transport on Wednesday, when he will also outline a Spending Review.
The UK Treasury has said that the infrastructure strategy would contain a down payment on flagship programmes including fibre broadband, flood defences and transport schemes.
