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George Osborne to launch National Infrastructure Commission today

Chancellor George Osborne will today unveil the National Infrastructure Commission, an initiative to shepherd £100bn of infastructure soend.

Former transport secretary Lord Adonis will lead the commission, whilst the money will be invested in road, rail and flood defence projects by 2020.

The Commission will be led by Former transport secretary Lord Adonis.

The announcement is set to be made at the National Railway Museum in York this morning.

The Commission will focus on three particular areas - connections between cities in the North, London’s transport system, and energy.

Osborne said: “This is about jobs, growth, living standards and ensuring Britain is fit for the future. Infrastructure isn’t some obscure concept, it’s about people’s lives, economic security and the kind of country we want to live in.

“That’s why I’m determined to shake Britain out of its inertia on infrastructure and end the situation where we trail our rivals when it comes to building everything from the housing to the power stations that our children will need.”

There will be seven Commissioners, including Lord Adonis. The others are former deputy prime minister Lord Heseltine; former member of the Bank of England’s rate-setting Monetary Policy Committee Prof Tim Besley; former chair of the Olympic Delivery Authority Sir John Armitt; neuroscientist Sadie Morgan; former chief economist to the Greater London Authority Bridget Roswell; and chairman of the Victoria & Albert Museum Sir Paul Ruddock.

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