Government to inject £25bn into infrastructure

Britain plans to pump £25bn into infrastructure projects, part funded by private investment from pension funds, to help bolster its economy, Treasury Minister Danny Alexander said.

Alexander told BBC Radio an agreement had been signed with the big British pension funds to pump £20bn into projects such roads and railways.

An additional £5bn of government money would be shifted towards these projects over the current parliament by 2015, he said.

The government would not be borrowing any additional money, he said.