19 hours ago
Rachel Reeves to unveil £725 billion plan to 'rebuild Britain's foundations'
Labour's 10-year infrastructure strategy will include upgrades for transport networks, hospitals, schools and local facilities, as well as a boost to affordable house building
Rachel Reeves will vow to rebuild Britain's foundations this week, unveiling Labour 's 10-year infrastructure strategy.
The £725 billion plan will include upgrades for transport networks, hospitals, schools and local facilities, as well as a boost to affordable house building.
'The British people voted for change – and this is how we deliver it,' the Chancellor said.
'For too long, our infrastructure – our schools and hospitals, or our roads and bridges – have been left to crumble, holding back communities and stunting economic growth.'
She added: 'This was a dereliction of duty by previous governments overseeing an era of managed decline, but it ends with this one.'
It follows last week's Spending Review, which committed £15.6 billion for transport upgrades, £39 billion for social and affordable housing and £14.2 billion for Britain's first state-funded nuclear power station in a generation at Sizewell C.
Ms Reeves added: 'We are investing in Britain's future, brick by brick, road by road and track by track. The Strategy will rebuild people's pride in their homes, while growing the economy, and putting more money in people's pockets as we deliver our Plan for Change.'
Becky Wood, Chief Executive Officer of the National Infrastructure and Service Transformation Authority (NISTA), said: "Infrastructure is the backbone supporting our nation - from the roads that connect us to the houses we live in, and from the schools and hospitals that serve our communities, to the energy networks that power our lives. _
"This strategy is a decisive step forward for our nation's infrastructure, providing the stability that businesses, investors and communities need, as well as tackling head on the fundamental issues that the sector has experienced over recent years. _
'NISTA, alongside partners in industry, will be at the very heart of helping to deliver what is set out in the strategy, embracing the abundance of opportunities it outlines, driving forward the ambition and enabling transformational change."
