Beautiful Virgin Islands

Monday, Aug 04, 2025

UK Finance Minister Plans New Infrastructure Bank In Budget

UK Finance Minister Plans New Infrastructure Bank In Budget

The Indian-origin finance minister will lay out the government's vision for emerging out of the economic crisis over the course of the year next week.
UK Chancellor of the Exchequer Rishi Sunak is expected to set aside GBP 22 billion for a new infrastructure bank when he tables his Budget in Parliament next Wednesday, according to a UK media report on Saturday.

The Indian-origin finance minister, who has had to present a series of mini-budgets since he took charge of the key Cabinet post in February last year in order to tackle the financial fallout of the COVID-19 pandemic, will lay out the government's vision for emerging out of the economic crisis over the course of the year next week.

Among some of the big announcements expected include a boost for first-time homebuyers with a mortgage guarantee scheme and a major cash injection for a traineeship scheme to boost job prospects.

According to 'The Daily Telegraph', another highlight announcement will be geared towards the government's green economy plans by setting aside an initial GBP 12 billion of capital and GBP 10 billion of government guarantees for a new UK Infrastructure Bank.

The cash comes ahead of the UK hosting the United Nations climate change COP26 conference in Glasgow in November.

The new bank is expected to be launched in the coming spring months and operate UK-wide and it is hoped will unlock billions more in private finance to support GBP 40 billion of infrastructure investment for the economy.

"We are backing this bank with the finance it needs to deliver modern infrastructure fit for the 21st century and create jobs," Mr Sunak told the newspaper.

"This shows how serious we are about levelling up the country so that everybody can benefit from our future prosperity. Britain's businesses and the great British public deserve world-class infrastructure and that is exactly what this new bank will help us deliver for them," he said.

The new bank will offer a range of products, including equity, loans and guarantees, which can be tailored to support the needs of private sector infrastructure projects, in sectors such as renewable energy, carbon capture and storage and transportation.

It will also offer infrastructure loans to mayors and local authorities at low rates to help fund high-quality projects in every region and nation -- helping to level up the UK.

The minister is also expected to commit a further GBP 375 million to co-invest alongside the private sector in high-growth, innovative UK firms.

The so-called "Future Fund: Breakthrough" scheme will ensure the government supports innovative companies, such as those working in life sciences, quantum computing, or clean tech, that are aiming to raise at least GBP 20 million of funding.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Pilots Call for Mental Health Support Without Stigma
All Five Trapped Miners Found Dead After El Teniente Mine Collapse
Ong Beng Seng Pleads Guilty in Corruption Case Linked to Former Singapore Transport Minister
BP’s Largest Oil and Gas Find in 25 Years Uncovered Offshore Brazil
Italy Fines Shein One Million Euros for Misleading Sustainability Claims
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
Declassified Annex Links Soros‑Affiliated Officials and Clinton Campaign to ‘Russiagate’ Narrative
UK's Online Safety Law: A Front for Censorship
Nationwide Protests Erupt in Brazil Demanding Presidential Resignation
Parents Abandon Child at Barcelona Airport Over Passport Issue
Mystery Surrounds Death of Brazilian Woman with iPhones Glued to Her Body
Bus Driver Discovers Toddler Hidden in Suitcase in New Zealand
Switzerland Celebrates 734 Years of Independence Amid Global Changes
U.S. Opens Official Investigation into Former Trump Prosecutor Jack Smith
Leaked audio of Canada's new PM Mark Carney admitting the truth about the Net Zero agenda: "We're gonna make a lot of money off of this."
China Enforces Comprehensive Ban on Cryptocurrency Activities
Absolutely 100% Realistic EVO Series Doll by EXDOLL (Chinese Company) used mainly for carnal purposes
World Economic Forum founder Klaus Schwab: "In this new world, we must accept... total transparency. You have to get used to it. You have to behave accordingly. But if you have nothing to hide, you shouldn't be afraid."
Meet Mufti Hamid Patel, head of Office for Standards in Education in Pakistan
George Soros tells the World Economic Forum: "President Trump is a con man and the ultimate narcissist, who wants the world to revolve around him."
Hamas are STARVING the hostages.
Decline in Tourism in Majorca Amidst Ongoing Anti-Tourism Protests
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
Poland Begins Excavation at Dziemiany After New Clue to World War II‑Era Nazi Treasure
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Threatens Canada with Tariffs Over Palestinian State Recognition
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Trump Sues Murdoch in “Heavyweight Bout”: Lawsuit Over Alleged Epstein Letter Sets Stage for Courtroom Showdown
Germany Enters Fiscal Crisis as Cabinet Approves €174 Billion in New Debt
Trump Administration Finalizes Broad Tariff Increases on Global Trade Partners
J.K. Rowling Limits Public Engagements Citing Safety Fears
JD.com Launches €2.2 Billion Bid for German Electronics Retailer Ceconomy
Azerbaijan Proceeds with Plan to Legalise Casinos on Artificial Islands
Former Judge Charged After Drunk Driving Crash Kills Comedian in Brazil
Jeff Bezos hasn’t paid a dollar in taxes for decades. He makes billions and pays $0 in taxes, LEGALLY
China Increases Use of Exit Bans Amid Rising U.S. Tensions
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Procter & Gamble to Raise U.S. Prices to Offset One‑Billion‑Dollar Tariff Cost
House Republicans Move to Defund OECD Over Global Tax Dispute
Botswana Seeks Controlling Stake in De Beers as Anglo American Prepares Exit
Trump Administration Proposes Repeal of Obama‑Era Endangerment Finding, Dismantling Regulatory Basis for CO₂ Emissions Limits
France Opens Criminal Investigation into X Over Algorithm Manipulation Allegations
A family has been arrested in the UK for displaying the British flag
Mel Gibson refuses to work with Robert De Niro, saying, "Keep that woke clown away from me."
Trump Steamrolls EU in Landmark Trade Win: US–EU Trade Deal Imposes 15% Tariff on European Imports
ChatGPT CEO Sam Altman says people share personal info with ChatGPT but don’t know chats can be used as court evidence in legal cases.
The British propaganda channel BBC News lies again.
Deputy attorney general's second day of meeting with Ghislaine Maxwell has concluded
Controversial March in Switzerland Features Men Dressed in Nazi Uniforms
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
×