Story perspectives

Jim O'Neill Calls for Independent Infrastructure Authority to Unlock Billions

6/23/2026

Summary

Story summary

Jim O’Neill (former chief economist and minister) proposes an independent infrastructure authority to unlock billions of pounds.
Jim O’Neill recommends converting the National Infrastructure and Service Transformation Authority into a transparent body that publishes growth-impact calculations.
Andy Burnham (Makerfield MP) is consulting Jim O’Neill as a possible chief economic adviser.
Jim O’Neill says the extra debt could comply with Chancellor Rachel Reeves’s fiscal rules because acquired assets would offset borrowing.

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Story summary

Jim O’Neill (former chief economist and minister) proposes an independent infrastructure authority to unlock billions of pounds.
Jim O’Neill recommends converting the National Infrastructure and Service Transformation Authority into a transparent body that publishes growth-impact calculations.
Andy Burnham (Makerfield MP) is consulting Jim O’Neill as a possible chief economic adviser.
Jim O’Neill says the extra debt could comply with Chancellor Rachel Reeves’s fiscal rules because acquired assets would offset borrowing.