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Chancellor announces £15bn for transport projects

Money will be spent on tram, train and bus projects in England across the Midlands, North and West Country.

Thursday, 05 June 2025

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  • The Guardian view on Labour’s investment plans: sugaring the bitter pill of austerity | EditorialThe chancellor is right to be planning for the long term, but voters won’t be patient if change isn’t felt soonInequality between British regions is not a new problem and Rachel Reeves is not the first chancellor to want to close the gap. In 2014, George Osborne promised a “northern powerhouse” to rival the dominance of London and the south-east. He pledged devolution and investment in infrastructure to connect northern cities, to unlock productivity and growth.Since then, Britain’s economy has suffered multiple shocks, some external (the pandemic, inflation stoke...

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