Budget analysis reveals 40% rise in spending on UK infrastructure

28 March 2007

Capital investment in transport and other infrastructure is set to increase by 40% over the next five years, an analysis of the Budget shows.
Total public sector capital expenditure will increase from £43bn in 2006/07 to £48bn next year, a 12% increase, and will then continue to climb by at least 3.6% every year until 2011/12. But the proportion of the total budget to be given to transport will only be decided in the spending review, to be announced in the autumn.
The Department for Transport took the second-biggest slice of the capital investment budget this year, with £6.5bn, but the Department for Education and Skills will overtake it in 2007/08, putting it into third place.
The increases in capital funding are likely to be accompanied by a squeeze on revenue, because overall spending will only increase by 1.9% in real terms each year up to 2010/11.

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Budget analysis reveals 40% rise in spending on UK infrastructure

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