Boris Johnson fetes Aussie companies’ $50b UK investment plans

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Keen to highlight the dividends of Brexit, the British PM brought top Aussie CEOs to Downing Street to egg on their interest in infrastructure investment.

Australian executives with eyes on Britain’s potential as a source of infrastructure and clean-energy investments were ready to put their names on a formal government press release about the event.

In the government’s statement, Ms Wikramanayake said Britain had been “a world leader in the positive utilisation of private capital to meet essential infrastructure needs of communities, including as a global leader in investment in the energy transition”. The statement name-checked Macquarie’s recent decision to set up an offshore wind development business in Britain calledThe £12 billion figure for Macquarie did not include portfolio investments such as Macquarie Asset Management’s £4.2 billion purchase of a controlling stake in the country’s National Grid, announced at the weekend.

IFM boss David Neal flagged £3 billion of potential investment over the next five years, including fresh injections of funds into its portfolio of UK

 

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