Energy and transport to get share of £100bn
Plans for a £100bn modernisation of the UK’s infrastructure, including new homes, road repairs and improved flood protection, have been announced after a spending review, writes the BBC.
The package, of which £50bn will come in 2015-16, is also aimed at boosting new sources of energy like shale gas.
The announcement of the government’s infrastructure plans came after last week’s Spending Review, in which £11.5bn of cuts to Whitehall departments were spelt out.
While the first £50bn is committed to infrastructure projects starting in 2015-16, the rest is for the period from 2016 to 2020.