(11 years, 5 months ago)
Commons ChamberIn 2014-15 spending will be £358 million, rising to £370 million in 2015-16.
May I give my heartfelt thanks to the Chief Secretary for mentioning the improvements to the A303 for which I have campaigned for the past 15 years? How long does he estimate that it will take for the dualling to become a reality?
The A303 is one of the most notorious transport bottlenecks in the country, and these improvements will have a major impact on the economy in the south-west of England. The Highways Agency will be developing the detailed plans, so we will need to consult on those, including, no doubt with my hon. Friend. This is part of the funding that was set out for between now and 2020 to deliver improvements on that route.
(13 years, 1 month ago)
Commons ChamberThe hon. Gentleman will be aware that well over half the projects that were given funding in round 1 are under way, mostly with the private sector funding to start with; the public sector funding will come in later. But I should have thought he would want to welcome the fact that two specific round 2 bids were successful in Middlesbrough in the round that we announced yesterday.
17. What recent assessment he has made of the potential effect on household spending of an increase in interest rates.