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Britain reduces discount rate to boost infrastructure investments
The British Treasury has announced a reduction in the discount rate used to evaluate the long-term benefits of government projects, lowering it from 3.5% to 3%. The aim is to encourage investment in infrastructure, transportation, and housing projects. This change seeks to narrow the gap between the present and future values of benefits, allowing long-term projects to more clearly demonstrate their economic worth, especially those that take years before their returns materialize. The full details of the plan are expected to be included in the government's response to the discount rate review, which will be part of the budget to be announced on October 28. This adjustment is considered a step toward improving government spending decisions on projects with long-term benefits.
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