Downing Street is in talks with Macquarie Group, the Australian lender, to secure a headline-grabbing £10bn investment in British infrastructure that would represent one of the largest-ever such commitments by an overseas company
The GIB has since been renamed the Green Investment Group, which makes up the bulk of Macquarie's renewables development division.
Its role in accelerating fast-fibre and renewable energy in regions across Britain plays into the PM's levelling-up policy at a time when Mr Johnson is fighting to show that his domestic agenda has not been completely derailed by the scandal over lockdown breaches in Downing Street. Mr Johnson had joked that a trade deal between the two countries would give Brits access to"reasonably priced Tim Tams", a reference to the popular Australian biscuit.
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