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LEEDS, 25 November 2015 - In response to the Autumn Statement, Jeff Pearey, Lead Director of JLL's North East office says: “While the omission of investment in a high-speed
connection across the north comes as disappointing news, the
Chancellor’s announcement of an increase in transport capital spending which he
says will allow the electrification of the Trans-Pennine route to go ahead is
welcome, especially given the length of time this project has been discussed.
banging the drum for the government to stump up infrastructure spend may have
started to sound boring, but it illustrates how imperative it is to the fabric
of the economy.
robust timetable that outlines a strong commitment as to when this will be
delivered is now what we need to see.
“Increasing the capital that Transport for the North
is responsible for is also a further step in the right direction for
devolvement away from Westminster. With infrastructure in the north a crucial
part of its economic prosperity it makes sense for further decision-making
powers surrounding transport to reside here.”
Lead Director - North East
Head of UK Regional Marketing & Communications
+44 (0)161 828 6407