What do the announcements in today’s autumn statement mean for the North-east?
The North-east will receive £64 million for upgrade work on the A1 at Lobley Hill in Gateshead, following the Chancellor’s autumn statement today.
The area will also see £61m to build over 3,300 new homes for affordable rent and £17m to return over 1,500 empty homes to use in the North-east and Yorkshire.
The news of new funding and upgrade work to the A1 was well-received by the Civil Engineering Contractors Association.
“As usual it depends on the small print,” CECA North-east director Douglas Kell said. “The announcement of new money is however excellent. The A1 to be made into motorway status to Newcastle is good news indeed, as are the promised school, college and other investments.
“It is excellent news for our industry’s campaign in this region to get a fairer share of investment in infrastructure. We look forward to fuller facts.”
The main developments for the North-east are:
- 10,000 people to be lifted out of income tax and 961,000 to pay less income tax as a result of Personal Allowance reforms.
- Cancelling the planned rise in fuel duty in January will reduce running costs for the 1.27m motor vehicles in the North-east, saving a typical driver £40 a year.
- Government will provide a grant for councils that freeze council tax in 2013-14.
- Business support measures will benefit 130,000 small and medium-sized enterprises in the North-east.
- £64m upgrade on the A1 at Lobley Hill, Gateshead.
- £61m to build over 3,300 new homes for affordable rent.
- £17m to return over 1,500 empty homes to use in the North-east and Yorkshire.
- Completed: Tees Multimodal Bio-Frieght Terminal
- Starting soon: Sunderland Strategic Transport Corridor – 2013