Concerns were raised this week about the government's continued failure to provide policies to kick start the huge number of "shovel ready" local schemes that are vital to the UK's competitiveness. Treasury ministers have vaunted the launch of the £40bn UK Guarantees scheme under which the government will underwrite private finance for so called "nationally significant" projects. But engineers fear that it will have little impact on local investment decisions and so not deliver much needed short term work.
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