Rachel Reeves will this week announce what she claims will be a £725bn ten-year infrastructure plan for Britain, starting with a new programme to repair crumbling bridges, flyovers and tunnels.
Allies of the chancellor say she will commit to increasing the infrastructure budget to at least £725bn over the next decade, pre-committing part of the capital budget ahead of the next spending review in 2027.
A priority for Reeves will be to accelerate projects that bring quick results, as she attempts to leverage an increase in capital spending into political dividends ahead of the next election, which must be held by summer 2029.
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