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Per the FT: "UK chancellor Rishi Sunak is........>

UK
UK: Per the FT: "UK chancellor Rishi Sunak is drawing up plans for a new
infrastructure bank to provide billions of pounds of new funding for capital
projects across the country, as ministers seek to kickstart Britain's economic
recovery in the wake of the pandemic. With the UK unlikely to remain a member of
the European Investment Bank after the end of the Brexit transition period later
this year, detailed discussions are taking place across Whitehall over how a new
state-owned lender could accelerate upgrades to Britain's creaking
infrastructure. While government officials cautioned that no final decision had
been made, Mr Sunak is expected to make an announcement on the bank in his
autumn statement. "The talks have stepped up and I think the government is very
serious about doing this now," said one person with knowledge of the talks."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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