DfT hit hardest by government budget cuts


 

The DfT was hit with the biggest government departmental cut in the Spending Review today. Released alongside George Osborne’s Autumn Statement, the review sets out a 37% cut in the DfT’s day-to-day operations budget, which will see it fall from £2.6bn this year to £1.8bn in 2019/20. This is despite an overall 50% increase in transport capital spending to £61bn during the next five years. The dent in DfT’s budget is higher than the 30% cut in resources Osborne forecast […]