Monday, 5 October 2015

New infrastructure body


Chancellor George Osborne is set to use his keynote speech to the Conservative conference in Manchester to unveil a new commission dedicated to speeding up progress in areas such as transport, energy and housing. Former Labour Cabinet minister Lord Adonis will chair the National Infrastructure Commission to plan more railways, airports, power stations and other multi-billion-pound projects. Mr Osborne is understood to be “frustrated” with local authorities hindering infrastructure development, and aims to change planning laws. In a separate development, Mr Osborne will also announce plans to require local authority pensions schemes to merge into regional bodies with the critical mass needed to invest in infrastructure schemes. The 89 bodies, which control about £180bn in investments, will be merged into just six groupings.

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