Not before time, the Treasury is recognising the need for a growth strategy beyond that already unveiled in the Budget.
The goal is to use Britain’s ‘AAA’ credit rating and ability to borrow over 10 to 30 years at historically low interest rates.
A key area targeted for expansion is housing. The view in Whitehall is that the rate of house-building, 130,000 a year, is inadequate and needs to be speeded up.
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