Cuts Watch #11: Transport
The cuts package announced this morning includes £683m from this year’s Department for Transport budget. PA are reporting that this will include a £100m cut in Network Rail spending, £108m from the Transport for London budget (which could hit London Underground upgrades), a £309m reduction in DfT grants to local authorities and deferral of some local road investment schemes, with the bulk of the rest coming from within the department. The cut in local government grants will combine with the massive reduction in local government grants from across government, likely to hit local services and provision for the most vulnerable across the board.
In the longer term Cuts Watch will be looking out for the impact on flagship investments including Crossrail and High Speed Rail. On Sunday’s Politics Show, transport Minister and London MP Teresa Villiers would not be drawn on the extent of the coalition’s commitment to Crossrail, saying that they are committed to “value for money” in the project but refusing to commit to the full geographical extent or the planned timescale for the scheme.