Capital spending and Liz Truss’s plans for “investment zones” are among the areas facing cuts in the government’s autumn statement, as chancellor Jeremy Hunt seeks public spending reductions and tax rises worth up to £50bn a year.
Michael Gove, levelling up secretary, said on Sunday that “some capital spending will be cut”, in a sign that projects intended to boost economic growth in the long term could be delayed or axed.
Asked whether HS2, the high speed rail link from London to northern England, could be subject to cuts, Gove told Times Radio: “I am sure everything will be reviewed.”
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