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The Progressive Policy Think Tank

Paying for our progress?

In the autumn statement in November 2016, the government produced a northern powerhouse strategy detailing a wide range of initiatives and investments that had previously been pledged as part of attempts to rebalance the UK economy.

Despite recognition of the value of infrastructure investment in stimulating the post-Brexit economy, there was, however, very little new money promised.

As a consequence, the most up to date analysis of the national infrastructure pipeline shows that 35 per cent of total infrastructure spending and 54 per cent of all transport infrastructure spending in the UK will continue to take place in London.