The Australian infrastructure giant blamed for the crisis at Thames Water is planning £20 billion of fresh investment in the UK as the new Labour government tries to woo international investors to power economic growth.
Macquarie plans to inject the sum over the next five years into the UK’s energy, waste, transport and water sectors, as well as funding the construction of new data centres. The investments will include the country’s biggest solar farm and hundreds of new electric vehicle fast-charging points.
The announcement will come as a relief to prime minister Sir Keir Starmer and chancellor Rachel Reeves as their flagship investment summit this week was at risk of being overshadowed by reports that a major Dubai investor could pull out amid an extraordinary