Chancellor George Osborne today unveiled plans to use the coalition's "hard won fiscal credibility" to free up private sector funds and stimulate economic growth.
This decision to underwrite selected UK infrastructure projects comes in the face of poor economic forecasts from the International Monetary Fund which yesterday cut the UK’s growth forecasts to just 0.2% for 2012. Under the new UK Guarantees scheme Mr Osborne pledged that up to £40bn of funding will be underwritten for critical infrastructure projects…
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