Government insiders "working on a plan to create British infrastructure bank"

A report that "government insiders" have been working on a plan to create a "British infrastructure bank" to plough public funds into infrastructure across the country features in today's newspaper round-up.

The Times (subscription) reports that "a panel of civil servants from several departments was convened before the election to work on the project. Their efforts are expected to be fed into a new infrastructure strategy to be unveiled in the new year." The paper says that "officials from the Treasury, Cabinet Office and Department for Business, Energy and Industrial Strategy were involved in the discussions before the election," sources said.

An article in The Telegraph says that "a row has intensified between IAG airline boss Willie Walsh and Heathrow Airport as the pair traded fresh blows over controversial plans for a third runway". The paper says that "Walsh, whose firm owns British Airways, called on Boris Johnson to launch an independent probe into the cost of Heathrow’s expansion scheme." It quotes Walsh saying: "We need a fresh look at the environmental viability and total cost of expanding Heathrow."

An article in The Times says that an academic whose research has been championed by the Prime Minister’s chief strategist Dominic Cummings has suggested that the government should use the "great challenge" of climate change "to recalibrate Britain’s economy and revitalise the north and Midlands." The piece says that Richard Jones, a professor of physics at Sheffield University, has "called for the new investment to be focused in areas of low economic productivity such as northern England and Wales, with a clear industrial strategy to boost growth".

The Guardian reports that "community leaders have unveiled an ambitious €250m (£212m) project" to restore Paris’ 1.2 mile (1.9km) long Champs-Élysées "to at least some of its former glory". The piece says that the ambitious plans "include reducing the space for vehicles by half, creating tunnels of trees and encouraging more aesthetic use of commercial spaces such as terraces."


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