What do the announcements in today’s autumn statement mean for South East?
The South east will receive £150 million to tackle congestion at J30 on the M25 following the Chancellor’s autumn statement today, while Brighton & Hove, Oxford and Portsmouth will all become “super-connected” cities.
The region will also see £223m to build over 15,000 affordable rented homes, £15m to return about 960 empty homes to use in the South East and East, £170m to develop new drug and cancer research centres in Oxford and £35m to develop the 5th generation of cellular communications at the University of Surrey.
The main developments for the South East are:
- 30,000 people to be lifted out of income tax and 3.5 million 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 5.6 million motor vehicles in the South East, saving a typical motorist £40 a year.
- £150 million to tackle congestion at J30 on the M25.
- £223 million to build over 15,000 affordable rented homes.
- £15 million to return about 960 empty homes to use in the South East and East.
- £170 million to develop new drug and cancer research centres in Oxford.
- £35 million for the development of 5th Generation cellular communications at University of Surrey.
- Brighton and Hove, Oxford and Portsmouth to be in the second wave of super-connected cities.
- Business support measures will benefit 767,000 small and medium enterprises in the South East.
- Government will provide a grant for councils that freeze council tax in 2013-14.
- Managed motorway pilot between the M25 and Farnborough on the M3.
- Over 250,000 commuters nationally will benefit from the Rail Fare cap, on average by £45 a year.
- Starting soon: Bexhill-Hastings Link Road – 2013
- Under construction: A23 Handcross to Warninglid – due to complete in 2014
- Under construction: Reading Station Upgrade Programme – new high level western concourse and road bridges in position
- New funding announced: M3 J2 to A4 accelerated delivery pilot (part of £95 million scheme)