How will the Government deliver on infrastructure now?

The Chancellor Rachel Reeves has told Parliament that the new Labour Government has inherited a financial black hole, and has instructed the Transport Secretary that she must go through her Department’s capital spending plans in detail to make savings and ensure value for money. Peter Stonham looks at the challenge that poses.

Rachel Reeves in parliament on July 29. Photographer: Jessica Taylor/UK Parliament

There is growing speculation that the new Government could be heading towards some kind of new private sector funding framework as a solution to both the shortage of available public funds for the infrastructure investment to which it is highly committed, and to address perceived inefficiencies in the way public bodies plan and deliver projects and services. Transport is a potential key area to apply this thinking.

In an almost throwaway line at the end of her speech the Chancellor looked ahead...

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