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Osborne accelerates billions for new housing and transport in bid to boost growth

Roads - Accelerate spending of billions of pounds on new roads, railways and housing - SantanderCB

Chancellor George Osborne is to accelerate the spending of billions of pounds on new roads, railways and housing in an attempt to keep the economy from stagnating. Some £300m of the spending to be announced in tomorrow's Budget will go on better connections between northern cities, including work on the longest road tunnel in Europe and high speed trains between Leeds and Manchester. In addition to transport infrastructure, Osborne will announce a scheme to make council-owned brownfield land suitable for new housing. Treasury sources say fast-tracked spending on capital projects will pump a figure in the low billions of pounds into the economy.

 

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