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Chancellor cuts revenue spend to fund infrastructure expansion

Andrew Forster
22 March 2013
 

Transport and business leaders are hoping that transport projects will receive a share of the additional infrastructure funding promised in this week’s Budget by the Chancellor.

George Osborne said that capital expenditure would increase by £3bn a year from 2015/16 onwards. “By investing in the economic arteries of this country, we will get growth flowing to every part of it,” he  said.

He also promised that the spending settlement for 2015/16, to be announced on 26...

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