If my mathematics is correct, then if next year the transport budget is cut by twenty five per cent - as most pundits are now claiming it will be - that would mean that transport spending in 2011-2012 would be equal to that of a decade before.
Going on figures supplied by both the Government and the Institute of Fiscal Studies, a twenty five per cent cut would equate to an overall spend of just over eleven billion in 2011-2012, which once inflation of prices has been taken into account, will either be equal to or just short of transport spending a decade before.
How this will translate into the budgets of Network Rail and Transport for London is yet to be seen, but it is likely to
cause some problems for rail jobs.
The previous Labour administration have a lot to answer for.
