UK Chancellor Reeves Plans £725bn 10-Year Infrastructure Overhaul

Chancellor Rachel Reeves has announced a £725 billion infrastructure plan spanning the next decade to modernize Britain’s crumbling schools, hospitals, roads, and bridges, aiming to stimulate economic growth and rebuild community pride. The plan prioritizes quick-result projects and includes a £1 billion 'structures fund' to enhance transport infrastructure, notably strengthening bridges for heavier freight. Significant commitments include £39 billion for affordable housing, £30 billion for nuclear power projects such as the Sizewell C plant, and £15 billion for public transport in England’s city regions, alongside a four-year £2.2 billion settlement for Transport for London. The government intends to leverage private finance for major projects like the Lower Thames Crossing, a £590 million initiative to reduce congestion on the M25, although additional funding may be required. A new National Infrastructure and Service Transformation Authority will be established to coordinate delivery and prevent delays and overspending. While Labor frames the plan as a decisive break from previous governments’ neglect, critics like Shadow Chancellor Mel Stride warn that rising inflation, slowing growth, and increasing unemployment threaten economic prospects.