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Email: john@contadoraccountancy.co.uk

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Budget Breakdown - Infastructure

March 11, 2020

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    The government is investing record amounts in Britain’s roads, railways, broadband, housing and research – over the next five years the public sector will invest more than half a trillion pounds (£640bn) and by the end of the Parliament net investment will be triple the average over the last forty years in real terms

  • £27 billion between now and 2025 to improve vital transport routes. New road projects include:

    • A66 in the North East

    • Lower Thames Crossing in the South East

    • A303 Stonehenge in South West

  • £2.5 billion will be spent on fixing potholes

  • Eight elected Mayors will get long-term settlements for local transport worth £4.2 billion

  • £5 billion to help people access gigabit-capable broadband in the most difficult to reach areas of the UK.

  • Over £500 million to extend 4G mobile coverage to 95% of the UK

  • £12.2 billion to build more affordable homes.

  • Government research and development spending will rise to £22 billion by 24/25, the largest and fastest increase in R&D investment on record

     

     

     

     

     

     

     

     

     

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