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NIC study on Cambridge-Milton Keynes-Oxford corridor – The government welcomes the NIC’s interim report into the Cambridge-Milton Keynes-Oxford growth corridor, accepts the recommendation for an Oxford-Cambridge expressway,14 and will provide £27 million in development funding. The government will also bring forward £100 million to accelerate construction of the East-West Rail line western section and allocate £10 million in development funding for the central rail section. The government welcomes the NIC’s work looking at a range of delivery models for housing and transport in the corridor, including development corporations, and will carefully consider its final recommendations. Following a successful public call for ideas, the government has also asked the NIC to undertake a new study on how emerging technologies can improve infrastructure productivity.

The new capital investment I have announced today will provide the financial backbone for the government’s Industrial Strategy, which the Prime Minister spoke about on Monday.

The Autumn Statement also includes direct action that will benefit Scotland – such as the Chancellor’s decision to increase investment in research and development by £2 billion a year by 2020-2, which should benefit Scotland’s thriving universities and research and innovation centres.

Environment Agency teams have been out in their communities throughout the night working to reduce flood risk. Temporary flood defences have been deployed and we are continuing to maintain flood defences, clear blockages in watercourses and monitor water levels.

So we will invest over £1 billion in our digital infrastructure to catalyse private investment in fibre networks and to support 5G trials.