Railways: Infrastructure
(asked on 4th March 2025) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent assessment she has made of the potential impact of rail infrastructure funding on future trends in the level of regional economic growth.
This question was answered on 12th March 2025
The growth mission is the central mission of this government. The impact of rail infrastructure investment on regional economic growth is a key consideration that is informing decisions for phase 2 of the Spending Review. The first phase of the Spending Review delivered a £1.1bn cash increase to the transport budget in 2025-26 compared to 2024-25 representing 1.5% real terms growth, delivering record spending.