London | The British government will set up a state-run bank to fund and facilitate infrastructure projects, as Prime Minister Boris Johnson looks to ramp up capital spending to boost Britain's pandemic-hit economy.
The National Infrastructure Bank, announced by Chancellor Rishi Sunak in a fiscal statement on Wednesday (Thursday AEDT), will work with the corporate sector to bankroll private projects – potentially making it a key partner for big Australian players such as Macquarie Group and IFM Investors.
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Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
