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UK banks on infrastructure spending to counter post- Brexit business uncertainty

Monday, November 28, 2016 - 05:50

Mr Hammond is borrowing more to partially finance a five-year £23 billion (S$41 billion) "national productivity investment fund or £4.6 billion a year for infrastructure spending".


UK Chancellor of the Exchequer Philip Hammond is banking on Keynesian infrastructure spending to help counter post-Brexit business uncertainty.

Robert Chote, chairman of the Office for Budget Responsibility (OBR), the independent body that provides forecasts for the

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