UK to spend record £500bn on infrastructure investment

Statement from Treasury

Jayna Rana
clock • 1 min read

The UK government has outlined its infrastructure investment pipeline which will see £500bn worth of projects set to be undertaken over the coming years.

Following chancellor Philip Hammond's (pictured) first Autumn Statement speech last month, in which he announced plans for a £23bn National Productivity Investment fund, the Treasury said government investment will be behind around 40% of the pipeline. Projects include the Thames Tideway Tunnel, smart meters and upgrading the A14 highway in eastern England, according to Bloomberg. Chief executive to the Treasury, David Gauke, said in a statement: "This record infrastructure pipeline is set to make a real difference to people's lives,from quicker and easier journeys to better broadband...

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