Oral Answers to Questions

Debate between Ruth Jones and Euan Stainbank

Tuesday 1st July 2025 Commons Chamber

[Ruth Jones (Newport West and Islwyn) (Lab)]

4. What assessment she has made of the potential impact of planned increases in funding for transport infrastructure on economic growth.

[Euan Stainbank (Falkirk) (Lab)]

22. What assessment she has made of the potential impact of planned increases in funding for transport infrastructure on economic growth.

[The Chancellor of the Exchequer (Rachel Reeves)]

The Government recognise the critical contribution that transport makes to our growth mission. The Government increased the capital envelope by over £100 billion at the autumn Budget last year, and by a further £13 billion at the spring statement. Taken together, that represents a big increase in capital investment. As a result, the transport capital budget, excluding High Speed 2, will increase by 1.9% per year in real terms over the spending review period. That investment will improve connectivity in our towns, cities and villages, reduce journey times and increase transport reliability. For areas of transport that are devolved, it is up to the Scottish and Welsh Governments to allocate their funding and be accountable to their respective Parliaments for those decisions.