U.K. to Spend Austerity Savings on Infrastructure, Osborne Says

The U.K. government will increase spending on infrastructure projects by an annual 3 billion pounds ($4.6 billion) from 2015 as Chancellor George Osborne seeks to boost economic growth.  The measure will raise funding for projects such as road construction, railway extensions and renewable energy by 15 billion pounds over a 10-year period, Osborne said in his budget statement to parliament in London today. Capital spending had previously been set to fall from about 2015, he said.

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