Atlantic International Partnership Headlines: SNP’s £60bn plan to boost the economy
posted by inmanmac 272 days ago under atlantic international partnership, atlantic international partnership madrid, atlantic international partnership spain
MINISTERS will this week unveil plans to commit up to £60 billion to finance dozens of infrastructure projects to help prevent Scotland from tipping back into recession. Amid fresh warnings that the UK is heading for its worst peacetime economic downturn since the end of the 19th century, the Scottish Government will announce plans to fund more than 80 building projects as part of a 15-year plan. Expected funding of up to £4bn a year will come from public funds, but also from a mix of new loans and investment from banks and private lenders. Ministers are also planning to use new powers in the Scotland Bill going through the UK parliament to enable them to borrow up to £2bn from the UK Treasury’s coffers and have asked that the limit be increased so they can borrow up to £5.6bn. In the meantime, they plan to raise the rest for their capital projects programme through “innovative” financing methods. Ministers insist the extra cash will not create a re-run of the costly high-interest loans created by old PFI deals in Scotland, which have left the taxpayer paying back far more than the capital cost for new public buildings. » Atlantic International Partnership Headlines: SNP’s £60bn plan to boost the economy
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