British finance minister Rishi Sunak will announce tens of billions of pounds of infrastructure investment next week, targeted at meeting the government's promise to address imbalances between different regions. Sunak's Nov. 25 spending review will set how much money government departments have to spend over the next year. But the headline figures on investment are likely to be dwarfed by forecasts showing public borrowing at its heaviest since World War Two. Nevertheless, the 40-year-old former Goldman Sachs banker will highlight infrastructure investment as the way to 'level up' across the country - addressing the central promise of Prime Minister Boris Johnson's 2019 election win. Sunak will announce a new infrastructure strategy, new priorities for the trade, transport housing and education departments and changes to rules that determine which projects go ahead.

Source: Mint November 21, 2020 02:48 UTC