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UK To Speed Up Infrastructure Projects, Osborne Says

Sep 03 2012
By Forexbrokerz.com

The British government will introduce a bill in Parliament in the next few weeks to speed up planning decisions and financing of private sector building projects to jump start the recession-hit economy, Chancellor George Osborne said in an interview to the BBC television.

The government is to underwrite up to GBP 50 billion of private sector building projects which need finance, he said. According to Osborne, the Infrastructure Bill should be law by the end of October.

Meanwhile, writing an opinion column in the Mail on Sunday, Prime Minister David Cameron said his government will stick to the deficit-cut plan, " rejecting the easy path, restoring sanity to our finances and keeping Britain safe."

"What we need is a bigger private sector; wealth spread more widely across the country; more emphasis on the industries of the future, such as green technology and advanced manufacturing," Cameron wrote in the daily.

The material has been provided by Instaforex Company - instaforex.com

TAGS: UK To Speed Up Infrastructure Projects Osborne Says

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