AXA IM's Thomas: 'Massive' infrastructure investment needed to boost UK growth

Questions Chancellor's approach

AXA IM's Nigel Thomas has said a "massive" increase in infrastructure investment in the UK would both stimulate growth and improve productivity.

Thomas (pictured), who manages the £4bn AXA Framlington UK Select Opportunities fund, said as central banks are running out of tools to boost the economy, alternative options need to be considered. He said: "If quantitative easing and monetary policy has gone as far as it can in the developed economies, then surely fiscal stimulus should now be the major policy tool. AXA IM's Thomas: Why UK investors should not be 'downhearted' over China slowdown "Why should we not see a massive increase in infrastructure investment, a new Marshall Plan across Europe, to build new roads, rural bro...