- before Brexit the UK used to belong to the European Investment Bank, which invested £5bn a year in UK infrastructure
- the UK's new National Infrastructure Bank, announced in the Budget, will provide just £1.5bn a year in projects
Government’s new ‘infrastructure bank’ so small it will have no effect on growth, watchdog says:
https://www.independent.co.uk/news/u...-b1812661.html
In calculations released alongside the budget, the Office for Budget (OBR) responsibility said it had "not adjusted our economy forecast" in light of the bank's creation because of the bank's small size and expected limited impact.