UK to announce 5 billion pounds capital investment for growth

LONDON (Reuters) - Chancellor George Osborne will invest 5 billion pounds in schools, science and transport projects, the government said on Tuesday. The investment will be funded in part by departmental savings over the next 2-1/2 years. Full details will be announced on Wednesday, when Osborne makes his half-yearly budget statement to parliament. He will also update official economic growth and government borrowing forecasts on Wednesday, which are expected to show a deterioration on both fronts. ...