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Maintenance fund to give £9bn a year to fix schools, hospitals and prisons

Maintenance fund to give £9bn a year to fix schools, hospitals and prisons

Chief Secretary to the Treasury Darren Jones said £6 billion a year would go to repairing hospitals, £3 billion to schools and colleges and £600 million to courts and prisons as part of Labour's plans for 'national renewal'.
The maintenance fund is part of the minimum £725 billion committed to boost infrastructure in the 10-year plan, he told the Commons.
The Government hopes this preventative action will break the cycle of emergency repairs in public infrastructure.
It will go towards making court facilities better in a bid to reduce backlogs, and improving safety and security in prisons across England and Wales.
Removing reinforced autoclaved aerated concrete (Raac) will be among the measures taken to update health facilities.
The Treasury minister told MPs: 'Done properly it will result in tangible improvements to the fabric of our country, our local roads and high streets renewed so communities are even better places to live. Our public transport more available and more reliable, making it easier for people to get around and access opportunities.
'Our schools and hospitals and GP surgeries fit for the future to deliver for generations to come, and a country that will be stronger and more resilient.
'Communities will see the difference as this Labour Government delivers on the promise of change and a decade of national renewal.'
Chief Secretary to the Treasury Darren Jones (James Manning/PA)
The strategy also includes £1 billion to fix roads, bridges and flyovers and £590 million to start work on the Lower Thames Crossing project.
Some £16 billion of public investment will go towards building 500,000 new homes through a new publicly owned National Housing Bank. This is expected to unlock more than £53 billion of private investment.
Around £7.9 billion over 10 years will be invested in maintaining and creating new flood defences with the aim of benefiting 840,000 properties.
The strategy covers a decade but the spending review cycle every two years will provide a juncture to decide whether to go ahead with projects.
A 'pipeline' of projects will be published online in mid-July and will be updated every six months.
The chief secretary's shadow counterpart Richard Fuller urged him to set out which major projects are being abandoned and explain why.
The pipeline is a digital dashboard that will give an overview of projects the Government is procuring on a map, Mr Jones said in response.
'It will show on a map of the country which projects we're procuring, when and where to give investors and businesses that long-term confidence about the jobs that are going to be available, so that they can invest in their own workforce,' he said.
The strategy does not cover so-called megaprojects which cost more than £10 billion and take more than 10 years to deliver – currently the HS2 railway, Sizewell C nuclear plant and the Dreadnought submarine programme.
Chancellor Rachel Reeves said: 'Infrastructure is crucial to unlocking growth across the country, but for too long investment has been squeezed. Crumbling public buildings are a sign of the decay that has seeped into our everyday lives because of a total failure to plan and invest.
'We're not just fixing buildings – we're enhancing public services, improving lives and creating the conditions for sustainable economic growth in communities throughout the UK. We're delivering on a decade of national renewal we promised Britain.
'This will deliver the decade of national renewal we promised Britain, and fulfil our Plan for Change goals to kickstart economic growth, and build an NHS fit for the future.'
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MPs declare £1million of gifts - and Nigel Farage got the most
MPs declare £1million of gifts - and Nigel Farage got the most

Wales Online

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  • Wales Online

MPs declare £1million of gifts - and Nigel Farage got the most

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Starmer faces Labour turmoil and global volatility as he marks year in Number 10

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Who could replace Rachel Reeves as Chancellor?
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Telegraph

timean hour ago

  • Telegraph

Who could replace Rachel Reeves as Chancellor?

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He has since become a confident media performer, defending the Government's most controversial moves on the airwaves. Mr Jones also butted heads with ministers during the spending review when he took the lead in telling big-spending departments that the money they wanted was unavailable. His loyalty to the Starmer project makes him a strong contender to replace his wobbling boss, however his relative youth and inexperience may count against him. Wes Streeting The clearly ambitious Health Secretary would undoubtedly relish a promotion to the second most important job in Government and he remains the bookies' favourite to take over from Ms Reeves. While he has presided over one of the most politically contentious departments as Labour's steward of the health service and shown some results with falling NHS waiting lists, Wes Streeting 's credentials on economics are weaker than some of his rivals. He has never held an economics brief in Government or opposition. One minister told The Telegraph: 'It seems to be a personal issue so I don't think Rachel is going anywhere. But if she were to go, then Wes would be a very strong contender to replace her.' Yvette Cooper The Home Secretary has carved out a powerful position in this Government, pushing through large-scale immigration reforms that have put her at odds with Labour's more liberal-minded backbenchers. She would be a conventional choice to replace Ms Reeves. She served as chief secretary to the Treasury during the height of the global financial crisis back in 2008 when Gordon Brown was prime minister. Yvette Cooper has previously run for the leadership of the Labour Party and, if she moved into Number 11, would build a power base to rival Sir Keir in Number 10. Ed Miliband The radical Energy Secretary is probably the most qualified candidate to take the reins at the Treasury. Throughout the New Labour era he was a key adviser to Mr Brown when he was chancellor, and later served as Labour leader where he put forward Left-wing economic policies such as a mansion tax, raising the top rate of income tax and a ban on all zero hours contracts. Two factors make a promotion for Ed Miliband unlikely. Firstly, he is considered to be one of the most Left-wing figures in the Cabinet and is a confident advocate of unconventional ideas, so he could be considered too radical a candidate for the chancellorship. Secondly, he is passionately committed to the net zero project that he is currently pursuing at the Department of Energy Security and Net Zero, so he might be reluctant to abandon that crusade only a year into the Labour Government. Torsten Bell While only a junior minister for pensions, Torsten Bell is one of the most influential economics brains in Westminster thanks to his previous stint as the head of the Resolution Foundation, a Left-wing economics think tank. He was parachuted into a safe Labour seat at the general election, a testament to how highly rated he is by the party leadership. His elevation to Number 11 would be a wild-card move, but remains plausible.

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