George Osborne
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Osborne launches infrastructure plan

The government says it will underwrite the risk of £40bn of private sector spending on infrastructure.

Ministers say the loan guarantees will help work get started on energy and transport projects, and provide a "significant boost" to the economy.

Labour said it doubted whether the assistance would speed up any projects in the next year.

The Chancellor, George Osborne, said the scheme would have long-term benefits.

  • 18 Jul 2012