Department gets off relatively lightly with spend reduced to £7.5bn by 2014-15

The transport capital budget, seen as a driver of economic growth, will drop by the relatively small amount of 11% in real terms over the next four years; the nominal spend is £7.7bn in 2010-11 and £7.5bn in 2014-15.

Crossrail will get funding for all stations and spurs; Birmingham New Street station to be upgraded, but budgets for smaller transport projects funded by local authorities will be cut by 7.1% a year; Transport for London is to suffer a 28% cut.

One unknown that remains is the Thameslink programme, which was not mentioned in the Comprehensive Spending Review; Reading’s station upgrade was also not mentioned