Lord Stern commenting on the Spending Review announcement by the UK Chancellor

Commenting on the Spending Review announcement today by the UK Chancellor, Lord Stern of Brentford, Chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science, said: “The creation of a new National Infrastructure Bank is an important signal that the UK’s recovery and growth will be based on investments in the transition towards a zero-emissions and climate-resilient economy. The new Bank should play a vital role in fostering sustainable infrastructure projects and programmes, in managing the risks associated with infrastructure, and in providing assurance to the private sector that it can invest with confidence. The UK’s recovery and long-term economic growth can and should be based on a clear vision of the investments and innovations that can create a sustainable, inclusive and resilient economy. These investments will drive growth, help to level up across the UK, draw on and develop the UK’s strengths, and equip Global Britain to compete in the international markets.”