Spring Statement 2025: All the engineering and technology announcements
Chancellor Rachel Reeves has unveiled the Spring Statement with a package of spending measures targeting infrastructure projects, defence and modernisation of public services. Infrastructure spending Reeves has allocated £13bn, over the course of the parliament, to deliver new infrastructure projects. She said the money would help to “catalyse” private investment and in particular could unlock the potential of the Oxford-Cambridge Growth Corridor, which could add up to £78bn to the UK economy by 2035. An additional £625m fund to boost construction skills aims to train up to 60,000 skilled construction workers to help support infrastructure projects. First announced earlier this week, the new workers are also needed if the government’s enhanced housing targets are to be met. EngineeringUK…