Railways: Finance

(asked on 22nd March 2024) - View Source

Question to the Department for Transport:

To ask the Secretary of State for Transport, with reference to the Answer of 25 November 2020 to Question 120953 on Network Rail: Finance and pursuant to the Answer of 12 March 2024 to Question 18100 on Railways: Finance, what assessment he has made of the causes of the differential in the rail enhancements budget for 2019 to 2024.


Answered by
Huw Merriman Portrait
Huw Merriman
Minister of State (Department for Transport)
This question was answered on 28th March 2024

The answer provided 25 November 2020 to Question 120953 on “Network Rail: Finance” referred to the budget for rail enhancements during the years 2019-2024. The answer provided 12 March 2024 to Question 18100 on “Railways: Finance” referred to the spend on rail enhancements in each year of that period. The comparison is therefore of a budget, stated as £9.4bn after Spending Review 2020, to the spend against that budget estimated at £8.63bn over the same period. There is no differential in the rail enhancements budget implied by that comparison. The difference in the figures comes from a degree of underspending against budget in each year of the first 4 years of the period.

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