Mr Sunak unveiled a national infrastructure bank and a strategy to tilt spending towards the north. He also repeated his March promise of £100bn in public investment. State spending can play a central role by providing demand where the private sector cannot. This idea lay behind the Labour party’s plans, whose language Mr Sunak has lifted. But Mr Sunak has not said what his planned state bank will invest in.

Source: The Guardian November 30, 2020 18:38 UTC