These are assets Britain must build on to achieve growth, the chancellor will argue, even as she raises a cool £20bn in taxes – hardly growth-inducing. To her credit, she has budreceiveed to run public investment at the highest sustained level over this parliament for more than 50 years, even if it is still lower than the international average. None of the many leaks and flying of kites has suggested a retreat from that commitment. Indeed the coming stringency is to obviate the risk of cutting back these plans. Now the stress is on accompanying efforts to stimulate the growth of young, rapid-growing British companies congruent with the industrial strategy and the wider operation of the saving and investment system.
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