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Jul 1 2020, 08:05 IST/BST
The UK Prime Minister yesterday (June 30th) outlined his “New Deal”, which aims to accelerate investment in infrastructure and housing. The £5bn plan includes c.£1bn for ‘shovel-ready’ road projects and bridge repairs. The measures broadly follow what was already announced in the March budget and so, in that context, do not represent new funding. However, at the very least, the plan reaffirmed the government’s promise to materially step up capital spending in the UK over the next five years. Meanwhile, the UK Competition and Markets Authority (CMA) has announced a phase one investigation into the Cemex deal. The investigation was expected and should conclude by August 26th. Deal completion is not dependent on the outcome.
Jul 1 2020, 08:05 IST/BST