Chancellor's remit letter to the National Infrastructure Commission

The Chancellor has issued a revised remit letter to the National Infrastructure Commission, which includes a binding fiscal remit.

Remit letter to the National Infrastructure Commission

Ref: ISBN 978-1-911686-40-8, 3169HTML

The Chancellor has written a public letter to the Chair of the National Infrastructure Commission, Sir John Armitt. This letter updates the Commission’s objectives. The letter also sets the Commission a revised binding fiscal remit, which states that the Commission’s recommendations must be consistent with gross public investment in economic infrastructure of between 1.1% and 1.3% of GDP in each year between 2025 and 2055.