Local Transport Today is the authoritative, independent journal for transport decision makers. Analysis, Comment & News on Transport Policy, Planning, Finance and Delivery since 1989.

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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