News

Reeves boosts capital infrastructure spending by £2bn a year in drive for growth

By 2025-03-26T15:29:00

Reeves spring statement 2025 2

Chancellor spares construction from spending cuts as OBR halves 2025 growth forecast

The government will invest a further £13bn in capital infrastructure over the next five years, Rachel Reeves announced in today’s Spring Statement.

The chancellor committed to spending £2bn on infrastructure each year over the course of this Parliament above the £100bn promised in last year’s autumn Budget.

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