UK insurers plan to invest 25 billion pounds in infrastructure



Boosting private-sector infrastructure investment is a priority for Britain's government, as an unexpected rebound in growth so far this year has been driven mostly by consumer spending, which is unsustainable in the long run.
Many British power stations are due for replacement in the coming years, roads, railways and airports are overcrowded. Deputy finance minister Danny Alexander said the new investment was "a massive vote of confidence in the UK economy" and would help fund the 100 billion pounds of investment projects over the next seven years that he announced in June.... read more

 
4 December 2013 in Business, Views: 23
Source: Reuters
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