Building 21st century sustainable infrastructure (part 2): institutional reform.

Headline issue: The new UK Government under Prime Minister Theresa May has committed to boosting UK productivity, to addressing the widening wealth gap, and to supporting the transition to low-carbon economic growth. Achieving all this will require the right investments by both the public and private sectors, particularly in sustainable infrastructure, at a time of heightened economic uncertainty. ‘Building 21st century sustainable infrastructure (part 1): time to invest’ highlighted that the current global economic environment provides an opportunity and rationale to borrow at below-zero real interest rates in order to invest in infrastructure. This policy brief sets out the institutional reforms that the Government should implement to facilitate its delivery.