The 40 highlighted projects for support from the plan include the Transpennine Express line between Leeds and Manchester, the Metro system in Tyne and Wear as well as improvements to the M25, M3 and M56.

BBC: Pension funds urged to join ?30bn infrastructure plan

Among other innovations, it set up Tesco Express, combining convenience stores and petrol retailing, Tesco Metro, the small, urban stores and a small number of much larger stores on the hypermarket model including its flagship Tesco Kensington store.

BBC: Lord Maclaurin