Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Chief Secretary to set out economic infrastructure plan

Chief Secretary to the Treasury, Danny Alexander, will announce today the next stage of the government’s economic infrastructure plan, with specific plans for more than £100 billion of infrastructure projects.

The news came after Chancellor George Osborne delivered his Spending Round 2013 statement in which he stated that the government will commit £100 billion to new infrastructure projects.

Mr Osborne said: “The Department for Transport will make a 9 per cent saving in its day to day resource spending, bearing down on the running costs of Transport for London and rail administration; but its capital budget will rise to £9.5 billion – the largest rise of any part of Government. And we will repeat that commitment for every year to 2020.”

The Chancellor argued that this will be the largest investment in our railways since the Victorian age.

He added: “With the legislation before this House today, we should give the green light to HS2 – a huge boost to the north of England and a transformation of the economic geography of this country.”

The Chancellor also mentioned that the Mayor will receive almost £9 billion of capital spending and additional financing power to the end of this decade.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.