Chancellor Rachel Reeves (Image: Getty)
Chancellor Rachel Reeves will announce ￡15.6billion for new rail, tram and bus schemes in the North, Midlands and South-west of England as Cabinet battles over next week’s Spending Review continue. Speaking in Greater Manchester, which will benefit from 1,000 new electric buses, Ms Reeves is expected to say that “a Britain that is better off cannot rely on a handful of places forging ahead of the rest of the country”.
The funding comes ahead of next week’s Spending Review, when the Chancellor will set out how much money will be spent on key public services for years to come. But intense talks about the review, which will set out day-to-day spending up to 2029 and investment spending up to 2030, are going to the wire as arguments continue over funding for schools, housing, police and new energy schemes. The Prime Minister’s spokesman confirmed on Tuesday that the statement was not yet finalised, saying: “Work is ongoing to deliver the final shape of the Spending Review.”
Article continues below ADVERTISEMENT
Fly New York to Paris in Luxury with La CompagnieFor business travel this summer, La Compagnie offers an all-business-class experience from New York to Paris. Enjoy comfort, efficiency, and top-tier service, making your journey as productive as it is luxurious.La Compagnie | Sponsored Sponsored
Book Now
Undo
DON'T MISS
Powered by
Rachel Reeves refuses to rule out tax hikes after announcing ￡15bn splurge
23 Comments
Rachel Reeves 'is toast' fumes GB News star after 'nightmare' for Chancellor
Comments
What is the Spending Review and what could Rachel Reeves announce?
8 Comments
River Island owners 'drawing up rescue plan' as UK high street hit by new hammerblow
30 Comments
Rachel Reeves plots new tax raid as expert warns: She'll attack your pension at both ends
421 Comments
I was in the room for Rachel Reeves's speech - one thing stuck out the most
17 Comments
Rachel Reeves is doing the one thing no politician should EVER do with your pension
173 Comments
Crackdown on benefits to save taxpayers nearly ￡10billion
367 Comments
Rachel Reeves ‘to hike UK's biggest tax' - she thinks we won't notice
712 Comments
Labour betray British workers as India trade deal means it's ￡11k cheaper to hire migrants
73 Comments
Reeves' new pension rules 'omission' as key issue on 'back burner'
11 Comments
Rachel Reeves council tax raid alert
32 Comments
Rachel Reeves mocked as men behind her during big ‘￡15bn' speech look unimpressed
130 Comments
Mortgage misery for 8.4m amid Bank of England fears over 'unreliable' numbers
4 Comments
Updated Senior Driver Policy In Las VegasThe Quote General | Sponsored Sponsored
Learn More
Undo
New bus, tram and train plans mapped as Rachel Reeves reveals ￡15bn investment
7 Comments
New bus, tram and train plans mapped as Rachel Reeves reveals ￡15bn investment
19 Comments
They Were So Beautiful Before; Now Look At Them; Number 10 Will Shock YouReportingly | Sponsored Sponsored
Undo
Labour mayor makes ￡1bn funding plea to resolve Leeds tram ‘scandal'
21 Comments
Rachel Reeves annihilated live on TalkTV with brutal move by Mike Graham
1 Comments
Chelsea Clinton, 45, Shows Her Huge Size In New PhotosApp Cute | Sponsored Sponsored
Undo
DWP papers raise doubts over ￡160 billion surplus unlocking
13 Comments
Rachel Reeves tax change means ‘￡15bn hit' to economy - ‘it's irresponsible!'
20 Comments
The Bronx estate where JFK lived as a child seeks $6.4 millionHomes.com | Sponsored Sponsored
Undo
Rachel Reeves refuses to rule out tax hikes after announcing ￡15bn splurge
23 Comments
Rachel Reeves 'is toast' fumes GB News star after 'nightmare' for Chancellor
Comments
Thinning Lashes? Older Women Swear by This MascaraPrime Prometics | Sponsored Sponsored
Learn More
Undo
What is the Spending Review and what could Rachel Reeves announce?
8 Comments
River Island owners 'drawing up rescue plan' as UK high street hit by new hammerblow
30 Comments
[Warning]Your Antivirus Protection May Be Expired - Renew nowMcAfee.com | Sponsored Sponsored
Click Here
Undo
Rachel Reeves plots new tax raid as expert warns: She'll attack your pension at both ends
421 Comments
I was in the room for Rachel Reeves's speech - one thing stuck out the most
17 Comments
Why Gardeners Love This Frog OrnamentSherum | Sponsored Sponsored
Learn More
Undo
Rachel Reeves is doing the one thing no politician should EVER do with your pension
173 Comments
Crackdown on benefits to save taxpayers nearly ￡10billion
367 Comments
7 Things Changing for Seniors on Social Security in 2025HealthyWallet | Sponsored Sponsored
Learn More
Undo
Rachel Reeves ‘to hike UK's biggest tax' - she thinks we won't notice
712 Comments
Labour betray British workers as India trade deal means it's ￡11k cheaper to hire migrants
73 Comments
Top US Doctors Stunned By New German Hearing Aid That Costs Less Than Dinner OutTop Trending News Today | Sponsored Sponsored
Learn More
Undo
Reeves' new pension rules 'omission' as key issue on 'back burner'
11 Comments
Rachel Reeves council tax raid alert
32 Comments
Man Divorces Wife Over Black Kids—10 Years Later, the Truth Shocks Him!Finance Nemo | Sponsored Sponsored
Read More
Undo
Rachel Reeves mocked as men behind her during big ‘￡15bn' speech look unimpressed
130 Comments
Mortgage misery for 8.4m amid Bank of England fears over 'unreliable' numbers
4 Comments
New bus, tram and train plans mapped as Rachel Reeves reveals ￡15bn investment
7 Comments
New bus, tram and train plans mapped as Rachel Reeves reveals ￡15bn investment
19 Comments
Labour mayor makes ￡1bn funding plea to resolve Leeds tram ‘scandal'
21 Comments
Rachel Reeves annihilated live on TalkTV with brutal move by Mike Graham
1 Comments
DWP papers raise doubts over ￡160 billion surplus unlocking
13 Comments
Rachel Reeves tax change means ‘￡15bn hit' to economy - ‘it's irresponsible!'
20 Comments
Rachel Reeves refuses to rule out tax hikes after announcing ￡15bn splurge
23 Comments
Rachel Reeves 'is toast' fumes GB News star after 'nightmare' for Chancellor
Comments
What is the Spending Review and what could Rachel Reeves announce?
8 Comments
River Island owners 'drawing up rescue plan' as UK high street hit by new hammerblow
30 Comments
Rachel Reeves plots new tax raid as expert warns: She'll attack your pension at both ends
421 Comments
I was in the room for Rachel Reeves's speech - one thing stuck out the most
17 Comments
Rachel Reeves is doing the one thing no politician should EVER do with your pension
173 Comments
Don't miss...
Yvette Cooper refuses to set migration target in huge grilling by MPs [LATEST]
Humiliated Putin plots revenge as Russia-Ukraine peace talks break up [LATEST]
Keir Starmer 'doesn't know what he's doing' over winter fuel payment U-turn [LATEST]
'Bringing back 'Big Dog' Boris Johnson would be a disaster for the Tories' [LATEST]
Here the the projects being announced by Ms Reeves on Wednesday for each region, and the amount that will be spent:
West Midlands – ￡2.4bn Metro extension connecting Birmingham city centre to new sports quarter, unlocking ￡3billion from private investors This is the first phase of the new mass transit from East Birmingham to North Solihull. West Yorkshire – ￡2.1bn Spades in the ground to start building West Yorkshire Mass Transit by 2028, with the aim of first services by the mid-2030s Transforming six transport corridors in West Yorkshire not covered by the mass transit routes, including through new bus stations at Bradford and Wakefield. Greater Manchester – ￡2.5bn Major infrastructure projects to unlock new homes, jobs and better connect communities, including growing and transforming the Metrolink tram network, with new tram stops in Bury, Manchester and Oldham and a Metrolink extension to Stockport A fully electric Bee Network, with a zero-emission public transport network across bikes, buses and trams by 2030, including the purchase of 1,000 new electric buses. South Yorkshire – ￡1.5bn ￡530million to renew the tram network, providing a fleet of new, replacement vehicles, modernising tram stops, as well as maintenance to improve reliability ￡350million to reform South Yorkshire’s buses, with franchised buses operating in Sheffield, Doncaster and Rotherham by 2027 and across the whole of South Yorkshire by 2029. Liverpool City Region – ￡1.6bn ￡100million for three new bus rapid transit routes to the Liverpool John Lennon Airport, Everton stadium and Anfield. Buying a new fleet of buses for the city region’s franchised bus network, beginning with St Helens and the Wirral in 2026 and then Sefton, Knowsley, and North and South Liverpool in 2027. North East – ￡1.8bn Metro extension linking Newcastle and Sunderland via Washington, serving one of the largest advanced manufacturing zones in the UK. West of England – ￡0.8bn ￡150million to improve rail infrastructure across the region, including funding to support WECA’s ambitions for increased frequency of services between Brabazon and the city centre ￡200million for mass transit development between Bristol, Bath, South Gloucestershire and North Somerset. Tees Valley – ￡1bn ￡60million for the platform three extension at Middlesborough station, unblocking the local network. East Midlands - ￡2.0 billion
Designing a new mass transit system to connect Derby and Nottingham, encompassing road, rail and bus improvements across the Trent Arc corridor.
Powered By
00:00/01:29
10 Sec
1K
1K
Celebrities Who Have Had Strange Pets
Next
Stay
Don't miss...
Keir Starmer grilled over latest U-turn - 'Put your money where your mouth is!' [LATEST]
Rachel Reeves's fate as Chancellor will be decided on June 11 [NEWS]
Fury as China praises Keir Starmer's ￡30 bn Chagos Islands handover deal [POLITICS]
Trending
SUBSCRIBE Invalid email
We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. Read our Privacy Policy
The Institute for Fiscal Studies warned that real-terms cuts to some government departments are “almost inevitable” in the spending review on June 11 if Ms Reeves tries to slasg NHS waiting lists by increasing health spending and the Government boosts defence spending.
Sponsored
NerdWallet | Sponsored Sponsored
Learn More
Beat Tariff Volatility with a High-Yield Savings Account
Undo
Polling by IPSOS found only 16% of voters think Rachel Reeves is doing a good job, giving her the same rating as Kwasi Kwarteng when he was chancellor. In addition, 73% of voters think the economy is in a poor state, with 56% blaming Labour, as opposed to the previous Conservative government or world events.
Gideon Skinner, senior director UK politics at IPSOS, said Labour had “a very brief honeymoon period” after last year’s General Election victory. He warned: “We are seeing this growing disappointment with Labour.”
The economy will grow slowly this year, according to an analysis from the British Chambers of Commerce, which represents businesses across the country. It published a new forecast predicting GDP would rise by 1.1%, more than previously expected but low by historical standards.
Head of research David Bharier said smaller employers “are not experiencing investment growth, as they continue to grapple with a range of cost pressures – most notably the rise in National Insurance Contributions, cited as the top concern by firms”.
Relatively high growth in the first quarter of the year will be offset by the impact of Labour’s National Insurance rise and US tariffs on businesses in the rest of the year, the organisation said. The extra costs imposed on businesses will also lead to inflation rising to 3.2%, and it is unlikely to fall to the Treasury’s target of 2% before 2027.
Vicky Pryce, chairwoman of the British Chambers of Commerce Economic Advisory Council, said: “A small growth upgrade for 2025, largely fuelled by a bumper first quarter, is masking some persistent challenges under the bonnet of the UK economy.”
DON'T MISS
Powered by
Rachel Reeves refuses to rule out tax hikes after announcing ￡15bn splurge
23 Comments
Rachel Reeves 'is toast' fumes GB News star after 'nightmare' for Chancellor
Comments
What is the Spending Review and what could Rachel Reeves announce?
8 Comments
River Island owners 'drawing up rescue plan' as UK high street hit by new hammerblow
30 Comments
Rachel Reeves plots new tax raid as expert warns: She'll attack your pension at both ends
421 Comments
I was in the room for Rachel Reeves's speech - one thing stuck out the most
17 Comments
Rachel Reeves is doing the one thing no politician should EVER do with your pension
173 Comments
Crackdown on benefits to save taxpayers nearly ￡10billion
367 Comments
Rachel Reeves ‘to hike UK's biggest tax' - she thinks we won't notice
712 Comments
Labour betray British workers as India trade deal means it's ￡11k cheaper to hire migrants
73 Comments
Reeves' new pension rules 'omission' as key issue on 'back burner'
11 Comments
Rachel Reeves council tax raid alert
32 Comments
Rachel Reeves mocked as men behind her during big ‘￡15bn' speech look unimpressed
130 Comments
Mortgage misery for 8.4m amid Bank of England fears over 'unreliable' numbers
4 Comments
Meet The Wife Of Tom Selleck - You Won't Believe Your EyesGood Hype | Sponsored Sponsored
Undo
New bus, tram and train plans mapped as Rachel Reeves reveals ￡15bn investment
7 Comments
New bus, tram and train plans mapped as Rachel Reeves reveals ￡15bn investment
19 Comments
Valerie Bertinelli's Son Wolfgang Van Halen's Transformation Will Drop Your JawsGamesWaka | Sponsored Sponsored
Undo
Labour mayor makes ￡1bn funding plea to resolve Leeds tram ‘scandal'
21 Comments
Rachel Reeves annihilated live on TalkTV with brutal move by Mike Graham
1 Comments
Walmart Cameras Captured These Hilarious 20 PhotosDoctor Report | Sponsored Sponsored
Undo
DWP papers raise doubts over ￡160 billion surplus unlocking
13 Comments
Rachel Reeves tax change means ‘￡15bn hit' to economy - ‘it's irresponsible!'
20 Comments
Linda Kozlowski, 67, Shows Off Her Perfect Figure In A New PhotoPaperela | Sponsored Sponsored
Undo
Rachel Reeves refuses to rule out tax hikes after announcing ￡15bn splurge
23 Comments
Rachel Reeves 'is toast' fumes GB News star after 'nightmare' for Chancellor
Comments
Son Disappears While Playing Outside. 5 Years Later, Dad Looks Under Neighbor's Dog Kennel And Sees Thisuniversalinfonet.com | Sponsored Sponsored
Undo
What is the Spending Review and what could Rachel Reeves announce?
8 Comments
River Island owners 'drawing up rescue plan' as UK high street hit by new hammerblow
30 Comments
Milana, 38, Shows Her Huge Size In New Photos.Paperela | Sponsored Sponsored
Undo
Rachel Reeves plots new tax raid as expert warns: She'll attack your pension at both ends
421 Comments
I was in the room for Rachel Reeves's speech - one thing stuck out the most
17 Comments
Cinderella could have fled this Wyoming castle in a helicopter. Asking price? $13.4 million.Homes.com | Sponsored Sponsored
Undo
Rachel Reeves is doing the one thing no politician should EVER do with your pension
173 Comments
Crackdown on benefits to save taxpayers nearly ￡10billion
367 Comments
Chuck Norris Begs Seniors: Avoid These 3 Foods Like The PlagueRoundhouse Provisions | Sponsored Sponsored
Undo
Rachel Reeves ‘to hike UK's biggest tax' - she thinks we won't notice
712 Comments
Labour betray British workers as India trade deal means it's ￡11k cheaper to hire migrants
73 Comments
People Born 1941-1971 Are Due a Large Surprise This MonthSeniorDealToday | Sponsored Sponsored
Undo
Reeves' new pension rules 'omission' as key issue on 'back burner'
11 Comments
Rachel Reeves council tax raid alert
32 Comments
Dolly Parton, 79, Takes off Her Makeup and Leaves Us Without Wordslilmariogame | Sponsored Sponsored
Read More
Undo
Rachel Reeves mocked as men behind her during big ‘￡15bn' speech look unimpressed
130 Comments
Mortgage misery for 8.4m amid Bank of England fears over 'unreliable' numbers
4 Comments
New bus, tram and train plans mapped as Rachel Reeves reveals ￡15bn investment
7 Comments
New bus, tram and train plans mapped as Rachel Reeves reveals ￡15bn investment
19 Comments
Labour mayor makes ￡1bn funding plea to resolve Leeds tram ‘scandal'
21 Comments
Rachel Reeves annihilated live on TalkTV with brutal move by Mike Graham
1 Comments
DWP papers raise doubts over ￡160 billion surplus unlocking
13 Comments
Rachel Reeves tax change means ‘￡15bn hit' to economy - ‘it's irresponsible!'
20 Comments
Rachel Reeves refuses to rule out tax hikes after announcing ￡15bn splurge
23 Comments
Rachel Reeves 'is toast' fumes GB News star after 'nightmare' for Chancellor
Comments
What is the Spending Review and what could Rachel Reeves announce?
8 Comments
River Island owners 'drawing up rescue plan' as UK high street hit by new hammerblow
30 Comments
Rachel Reeves plots new tax raid as expert warns: She'll attack your pension at both ends
421 Comments
I was in the room for Rachel Reeves's speech - one thing stuck out the most
17 Comments
Rachel Reeves is doing the one thing no politician should EVER do with your pension
173 Comments
10 Best Mattresses by Consumer Reports (Here's What You May Not Want to Miss)QuestionHero
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Chuck Norris: If You Care About Your Health, Stay Away From These FoodsRoundhouse Provisions
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Wrap foil around your doorknob when you are alone, here's whyHealthtippro
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
After 30 Years At Fox News, This Is Her Salary33 Bridges
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Homeowners were warned not to expect rapid cuts in mortgage payments as Bank of England Governor Andrew Bailey said the speed at which UK interest rates will be lowered is “shrouded in a lot more uncertainty”.
Mr Bailey told MPs on the Treasury Committee: “I think the path remains downwards.” He warned international economic developments, including US president Donald Trump’s tariffs were “negative for world growth and activity”.
UK interest rates were cut to 4.25% from 4.5% in May, but there is no immediate prospect of a return to the cut-price mortgages many homeowners grew used to when the Bank’s base rate remained at 1% or below between 2009 and 2022.