Monday, April 1, 2019
Peers have called on the government to move quickly to plug gaps in investment in UK infrastructure, including key energy projects, as a result of Brexit. Lending from major European institutions has plummeted since the referendum and Article 50 was triggered, the peers said – a fall of 87% in European Investment Bank (EIB) funding and 97% in European Infrastructure Fund (EIF) funding – and the government should give serious consideration to the creation of a UK national infrastructure bank to fill the gap.
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