Infrastructure plans outlined
New infrastructure spending plans, including more superfast broadband and an extension to the Northern line in London have been outlined by the Chancellor.
George Osborne told MPs: "We’re committing an extra billion pounds to roads, including four major new schemes to: - upgrade key sections of the A1, bringing the route from London to Newcastle up to motorway standard. - link the A5 with the M1 - dual the A30 in Cornwall - and upgrade the M25, which will support the biggest port developments in Europe."
He said the Government had already set out plans this autumn for "a huge investment in rail", and the Transport Secretary will set out in the new year plans to take High Speed 2 to the North West and West Yorkshire.
The Chancellor also confirm a billion pound loan and a guarantee to extend the Northern Line to Battersea Power Station and support a new development on a similar scale to the Olympic Park.
He also confirmed funding and reforms to assist construction of "up to 120,000 new homes and delivering on flood defence schemes in more cities".
The Government is also funding ultrafast broadband in twelve smaller cities – Brighton and Hove, Cambridge, Coventry, Derby, Oxford, Portsmouth, Salford, York, Newport, Aberdeen, Perth and Derry-Londonderry.
He also announced £600 million more for the UK’s scientific research infrastructure and £270 million to fund improvements in further education colleges and "one billion pounds to expand good schools and build 100 new free schools and academies".