Injecting growth into the economy

The government says it will underwrite £50bn of investment in infrastructure and exports to try to lift the economy.

Under the "UK Guarantees" scheme, up to £40bn of funding will be underwritten for infrastructure projects that have been put on hold following difficulties in raising money from private investors.

The government will charge for finance for the projects, which could be in a range of sectors, including transport, energy, communications, and education.

Gary O'Donoghue reports