Lib Dems propose new national bank
Updated on 25 November 2009
A new national bank tasked with raising investment for Britain's long-term infrastructure needs is to be proposed by the Liberal Democrats.
Vince Cable will warn that there is no prospect of the levels of funding necessary over the next decade in areas such as transport and energy.
The Lib Dem Treasury spokesman will set out plans for a national infrastructure bank to reduce the cost of capital, through Government guarantees, and tap into private savings.
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