Transport cash won't fill the potholes in local government finance
The chancellor’s pledge of £3.72bn for road and rail is a drop in the ocean and a missed chance to transform UK public services
Will the extra investment in transport be enough to save some local authorities from oblivion when much central government funding is replaced by business rates?
The cost of Brexit will be many times the additional investment in passenger transport announced in the Autumn statement. Robert Peston puts the cost to the economy at £220bn, while the hole in public finances is put at £59bn.
Related: Don’t mistake autumn statement for infrastructure splurge | Nils Pratley
For many local authorities, particularly in the north of England, transport links will remain dire
Source: Guardian Transport
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