Economic Growth: Railways

(asked on 25th October 2022) - View Source

Question to the HM Treasury:

To ask His Majesty's Government whether they still plan to (1) level up, (2) decarbonise, and (3) grow the economy; and what part they envisage the railway industry can play in realising such intentions.


Answered by
Baroness Penn Portrait
Baroness Penn
This question was answered on 8th November 2022

The Government remains committed to boosting trend growth as the route to raising living standards and delivering high quality public services across the whole of the UK. The Government is also committed to tackling climate change and delivering on our obligations to reduce emissions to net zero by 2050.

The Chancellor has announced the Autumn Statement will be delivered on 17 November. This will contain the UK’s medium-term fiscal plan, which will include an assessment of UK growth, and will be accompanied by an OBR Economic and Fiscal Outlook.

The Government recognises the rail network's important role in improving connectivity, empowering regional economies and driving growth. The Government is committed to maintaining, renewing and enhancing the rail network. In the Transport Decarbonisation Plan the Government committed to delivering a net zero rail network by 2050.

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