Reforms of insurance sector will unlock £10bn of UK infrastructure investments, Treasury says
The Treasury has announced plans to unlock more than £10bn of UK infrastructure investment through a post-Brexit overhaul of the insurance industry.
Announcing a shake-up for the City of London after leaving the EU, the economic secretary to the Treasury, John Glen, said that a comprehensive package of reforms for the insurance sector would help enable UK-based firms to invest more in infrastructure projects.
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