Today (Wednesday 30 October) the government has set out its autumn Budget. It contains a number of infrastructure-related announcements including changes to capital investment rules, funding to complete the HS2 link between Old Oak Common and Euston station, and additional support for fixing roads.
In response, Commission Chair Sir John Armitt said:
On changes to increase capital investment:
“We welcome the government’s plan to invest over £35billion in economic infrastructure in 2025-26. It is critical that this money is now spent wisely and supports infrastructure projects that will drive growth, decarbonise the economy and improve its resilience: the ten-year National Infrastructure Strategy due in spring, and the creation of the National Infrastructure and Service Transformation Authority, will give government vital new tools with which to do this.”
On the HS2 connection to Euston:
“Linking Old Oak Common and Euston is fundamental to the viability of HS2 so we welcome funding for the tunnel connection, which should help secure the maximum economic benefit from the investment already made in the project. The question of how to boost connectivity and capacity beyond Birmingham remains to be answered, and the National Infrastructure Strategy should set out how government plans to address this long-term challenge.”
On the additional funds to fix potholes:
“An effective road network is vital for connecting people and places, but our roads are under pressure from usage and the impacts of climate change; this additional funding will be welcomed by drivers if it speeds up the prospect of smoother journeys and fewer delays. But it should be followed up by a pipeline of enhancements that target the underperforming parts of the road network which currently inhibit connectivity.’’
Notes
Chancellor Rachel Reeves made the first Labour budget announcements
Real estate and infrastructure stakeholders reacted positively to the UK budget, which outlined a range of measures designed to boost economic growth and attrac
There are systemic issues in the UK that will hinder the impact that
The planning process for new clean energy infrastructure in Scotland is to be modified under UK and Scottish government proposals to reform legislation that can