Chancellor to pledge extra £2.5 billion for road repairs
The new Chancellor of the Exchequer, Rishi Sunak MP, is expected to announce that the government will spend £2.5 billion fixing an estimated 50 million potholes on the country’s roads over the next five years.
Potholes and other damage have been a chronic problem on the UK’s roads for many years and, as the BMF has previously reported, nearly 700,000 new potholes were reported on the nation's highways in 2019 alone. The House of Commons Transport Committee reported that local authorities paid out £22.5 million in compensation claims for damages arising because of defects in road surfaces last year.
It is also understood that HM Treasury will support resurfacing work by local authorities, and that funding will be targeted outside London to other areas where the need is greatest.
Commenting, Mr Sunak said: “We can’t level up Britain and spread opportunity if we are spending our journeys dodging potholes and forking out for the damage they cause. It's vital we keep roads in good condition.”
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Picture credit: _chrisUK