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In a ministerial statement today, the Chief Secretary to the Treasury, Danny Alexander, gave a flavour of what is to come from George Osborne in tomorrow’s Autumn Statement.

One of the more ear-catching points made by Alexander, as he set out the therms of the National Infrastructure Plan, was that the Government had struck an agreement with the insurance industry. Insurers will invest £25bn in national infrastructure projects over the coming five years, a sum equivalent to roughly 1 per cent of UK GDP. Insurance firms already invest in Britain’s infrastructure, though not on this scale. But why this new…

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