Member

The strategy is by its nature thorough and detailed, but I will draw the attention of the House to five key elements today. First, we will provide certainty and stability through increased capital investment. We are committing to funding at least £725 billion for infrastructure over the next decade, ensuring that infrastructure spending continues to grow in line with inflation after the current spending review period. At the spending review, we committed detailed capital spending plans for each department until 2029-30. To provide further certainty and confidence in our plans, we are also confirming funding for the school rebuilding programme to 2035 and for the prison expansion programme to 2031. This long-term certainty needs to be translated into real jobs in every part of the country, so ahead of the summer recess we will publish a new online infrastructure pipeline. It will provide up-to-date information about what we will build and when, and where we will build it, giving industry and investors the confidence they need to invest in highly skilled jobs in every part of the country.