December 2, 2022

Capital spending and funding zones face cuts in UK

Capital spending and investment zones face cuts in UK

Capital spending and investment zones face cuts in UK

Capital spending and Liz Truss’s plans for “funding zones” are among the many areas going through cuts within the authorities’s autumn assertion, as chancellor Jeremy Hunt seeks public spending reductions and tax rises price as much as £50bn a 12 months.

Michael Gove, levelling up secretary, mentioned on Sunday that “some capital spending will likely be reduce”, in an indication that initiatives supposed to spice up financial progress in the long run could possibly be delayed or axed.

Requested whether or not HS2, the excessive pace rail hyperlink from…

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