Amid Government Cuts, CIHT Warns About “Stop-Start Approach” To UK Transport Infrastructure
With the still-young Labour Government having been in power for more than a month at the time of typing, transport consultants and their clients are continuing to see signs of how Prime Minister Sir Keir Starmer’s administration will approach this critically important sector. However, not all the news impacting on transport planning and infrastructure so far has been positive. Indeed, Chancellor of the Exchequer Rachel Reeves made a dispiriting announcement to the House of Commons on 29th July, stating that the new Government had discovered a large gap in the UK’s finances. What did the Chancellor say, and what are the implications for UK transport? Ms Reeves said that an unfunded governmental overspend amounting to £22 billion had been passed on to the new Labour ministry from the previous Rishi Sunak-led Conservative Government. She went on to say that to help tackle this deficit and relieve the associated pressure on public finances, various ...