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A section of the route, known locally as Lindal dip – at the junction with Green Lane east of the village - frequently floods in heavy rain. During last December’s storms temporary traffic lights had to be deployed several times to help drivers pass the flooded carriageway.

These measures – and others set out in the Autumn Statement document – raise around £2 billion over the forecast period.

Our Midlands Engine strategy will follow shortly, but I am today providing funding for the evaluation study for the Midlands Rail hub.

It is a privilege to report today on an economy which the IMF predicts will be the fastest growing major advanced economy in the world this year.

This government recognises that for too long, economic growth in our country has been too concentrated in London and the south east.