The largest manager of pension assets in the United Kingdom, Legal and General Group Plc, announced it would be investing GBP15 billion or US$24 billion in infrastructure should the government revise its current planning and energy programs and policies. This was confirmed by the firm's CEO, Nigel Wilson.
The British insurer would be spending the money on projects such as housing, roads, airports and shale gas. The government would grant developers planning permits as well as commit to a specific long-term energy plan. This was shared by the company's CEO during an interview by Guy Johnson and Francine Lacqua on Bloomberg's Television's 'The Pulse'.
He further added, "We just happen to have not coherent policies in a lot of areas and we need to unblock those things that are blocking the growth: housing, energy, transport. The land is available, the capital is available. There just has to be political will."
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