Committee publication · Correspondence · 13 November 2024
Letter from the Secretary of State for Transport relating to the Budget, dated 6 November 2024
From: Transport Committee
Summary
Secretary of State Louise Haigh updates the Transport Select Committee Chair on the November 2024 Budget's impact on transport. The Department received £21.8bn capital and £8.2bn resource funding for 2025-26, a £1.2bn year-on-year increase. Key announcements include £500m extra for local roads, £1bn for bus services, HS2 confirmation to Euston, Transpennine Route Upgrade delivery, and £200m for EV charging infrastructure.
Key findings
- Department funding settlement 2025-26: £21.8bn capital (CDEL) and £8.2bn resource (RDEL) funding, representing £1.2bn year-on-year cash increase
- Local connectivity investments: £500m for local roads maintenance, £200m additional for City Region Sustainable Transport Settlements, over £1bn for bus services including £3 fare cap until December 2025
- Major transport projects confirmed: HS2 Phase One to London Euston with central terminus tunnelling funding; Transpennine Route Upgrade York-Manchester; East West Rail Oxford-Cambridge acceleration
- Green transport support: over £200m for EV charging infrastructure 2025-26, up to £120m for electric van purchase grants, fuel duty freeze and 5p cut extended one year
- Road scheme cancellations: A5036 Princess Way, A358 Taunton to Southfields, M27 J8 Southampton, A47 Great Yarmouth, A1 Morpeth to Ellingham marked as unfunded and unaffordable
Tone
ProceduralTopics
public-financetransport-infrastructurerailwaysgreen-transportlocal-connectivity
Key actors
Louise Haigh MP (Secretary of State for Transport), Ruth Cadbury MP (Chair, Transport Select Committee), Chancellor, Department for Transport
Notable line
“HS2 trains will run to Euston, with funding provided for tunnelling to the central London terminus …”
Key Quotes
“Despite this challenging fiscal outlook and the tough decisions government has had to take, the Budget delivered a positive outcome for the Department which sets us up well to deliver change in the coming years.”
“On overall funding, the Department's settlement for 2025-26 provides capital departmental expenditure limits (CDEL) funding of £21.8bn and resource departmental expenditure limits (RDEL) funding of £8.2bn.”
“Confirming that HS2 trains will run to Euston, with funding provided for tunnelling to the central London terminus …”
Source · parliament.uk record ↗