Budget
2024:
updates
…

The
chancellor
Rachel
Reeves
has
announced
that

road
fuel
duty
is
to
be
frozen
next
year.
The
5p
reduction
introduced
by
the
last
government
will
continue.

The

Transpennine
Route
Upgrade
is
to
go
ahead
in
full,
with
further
electrification
including
Church
Fenton
to
York
(Colton
Junctions).

East
West
Rail
is
confirmed
in
full
between
Oxford
and
Cambridge.

Upgrades
at

Bradford
Forster
Square
and

Manchester
Victoria.

HS2
tunnelling
to
London
Euston
will
be
funded.

Funding
for

West
Midlands
Metro
to
Brierley
Hill;
upgrades
for
trams
in

Sheffield.

Leeds
trams
to
go
ahead.

Annual
regulated

rail
fares
cap
will
rise
by
4.6% on
2
March
2025,
one
percentage
point
above
RPI. 

Subject
to
an
industry
proposal,
the
government
will
also agree
a
£5
increase
to
the
price
of
most

rail
cards
(except
the
disabled
person’s rail
card).