UK's "Banana ethos" hinders £200bn infrastructure investment; easing planning restrictions recommended.
UK's "not-in-my-backyard" culture, dubbed the "Banana ethos" (Build Absolutely Nothing Anywhere Near Anything), is hampering infrastructure investment and regional growth, says major investor Pension Insurance Corp. Easing planning restrictions could help mobilize £200bn from UK pension funds. The next government should address inefficiencies in the system and improve communication around project benefits.
June 25, 2024
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