Treasury written question – answered at on 12 March 2025.
Charlie Maynard
Liberal Democrat, Witney
To ask the Chancellor of the Exchequer, what recent assessment she has made of the potential impact of rail infrastructure funding on future trends in the level of regional economic growth.
Darren Jones
The Chief Secretary to the Treasury
The growth mission is the central mission of this government. The impact of rail infrastructure investment on regional economic growth is a key consideration that is informing decisions for phase 2 of the Spending Review. The first phase of the Spending Review delivered a £1.1bn cash increase to the transport budget in 2025-26 compared to 2024-25 representing 1.5% real terms growth, delivering record spending.
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