Any new infrastructure scrutiny must not delay projects such as Sizewell C

It is being reported that the Government is considering a variety of possible changes to its fiscal rules in order to facilitate borrowing to invest in new infrastructure.

The changes, expected to be announced in at the Budget on 30 October, come alongside new measures to provide value for money on new infrastructure projects. A move that is said to be an attempt to reassure markets that any government borrowing will be sensible and well-managed.

Mike Clancy, General Secretary of Prospect, said:

“Ramping up investment is vital if the UK is to boost growth and meet its goals on low carbon generation. It is welcome news therefore that the government is preparing to change the fiscal rules to allow more investment as Prospect has been calling for.

“It is sensible to implement guardrails to ensure this additional investment is cost-efficient, however, it is vital that these new processes do not further delay the final investment decision on Sizewell C, a project which has already been subject to considerable scrutiny.”