Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Autumn Statement: Osborne confirms big road, rail and London underground investment

Autumn Statement: Osborne confirms big road, rail and London underground investment

The government has committed to a major programme of road refurbishment as well as a billion pound loan to extend the UK underground to the Olympic park and Battersea.

The Battersea extension to the Northern Line was previously expected to be contributed by the financial backers of the development programme taking place at Battersea Power Station.

An additional £1 billion will be pegged for roads, while plans to extend the HS2 high speed rail line to Yorkshire will be announced in detail next year, Osborne said.

An additional £600 million will be earmarked for ‘research infrastructure’ alongside £270 million for higher education – a very small fraction of annual university spending  - and £100 million for schools.

The Olympic park extension, which was referenced only briefly, was one of the few surprises half way through the budget.

The decision could open the government to charges of an excessive focus on the capital at the expense of the regions, however

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Kames' Ennett: Trump good for US high yield, but beware Europe

Kames' Ennett: Trump good for US high yield, but beware Europe

Kames Capital’s head of high yield David Ennett believes the changing political landscape will be a positive for the US, but negative for Europe in 2017.

Play Philip Milburn: why inflation won't run out of control

Philip Milburn: why inflation won't run out of control

Kames bond fund manager views inflation as more of 'scare' than a 'problem' and is positioning his portfolios accordingly.

Play Henderson's Lofthouse on merger boost and political risk

Henderson's Lofthouse on merger boost and political risk

Ben Lofthouse talks through where he is finding income and what surprises await the global economy in the new year.

Read More
Your Business: Cover Star Club

Profile: 'a lot of the hard work is done' says Charles Stanley

Profile: 'a lot of the hard work is done' says Charles Stanley

We’ve turned a corner, and there is positive momentum behind Charles Stanley says Charles Stanley's private client head

Wealth Manager on Twitter