1. ITV Report

Budget focus on technology, transport and Cambridge

The Chancellor Philip Hammond has pledged millions to transport and technology in the East of England. Credit: ITV News

The Chancellor's budget has pledged more spending on transport and technology in the East of England with a big focus on Cambridge and the surrounding area.

There £98 million funding for a new river crossing over the River Yare in Great Yarmouth and confirmation of investment in a new railway station near Addenbrooke's Hospital to the south of Cambridge, as part of a wider east-west rail project.

The new metro mayor of Peterborough and Cambridgeshire will also get to decide how £74 million will be spend on transport improvements in the area.

Other towns and cities in the Anglia region will be able to bid for part of a £840 million for other transport projects.

Computer image of the proposed third river crossing in Great Yarmouth. Credit: Kier/Mouchel/Norfolk County Council

“Today’s Budget sets out how we will build an economy fit for the future through driving innovation, creating better paid jobs and building the homes this country needs.

“The investments I have announced today back the East of England with a significant cash boost for transport improvements to connect people to jobs and make journeys quicker for everybody right across the region.”

– Philip Hammond, Chancellor of the Exchequer
  • Click to watch a report on the impact of the budget in the west of the Anglia region by ITV News Anglia's Tanya Mercer

It was also announced in the Budget that Cambridge will become home to a Tech Hub to support businesses in the area and improve skills.

The area will get a share of £21 million that has been earmarked as part of a national expansion of the Tech City project.

The electric car industry in the region was given a boost with the announcement of more than £0.5 billion of grants.

The Chancellor announced the establishment of a new £400 million charging infrastructure fund, an extra £100 million in Plug-In-Car Grant and £40 million for charging research and development.

Reacting to the Budget in the House of Commons, the Labour leader Jeremy Corbyn said: "We were promised with lots of hype a revolutionary Budget, the reality is nothing has changed."

"People were looking for help from this Budget and they have been let down: let down by a Government that, like the economy they have presided over, is weak and unstable and in need of urgent change.

"They call this a Budget fit for the future, the reality is this is a Government no longer fit for office."

– Jeremy Corbyn, Leader of the Opposition
  • Click to watch a report how the budget affects Norfolk, Suffolk and Essex by ITV News Anglia's Kate Prout

Measures in the Budget that impact the East of England

  • Development of the Cambridge-Milton Keynes-Oxford corridor with an east-west rail link and a new Cambridge South station.
  • At least one new garden town will be built in the Camrbidge-Oxford corridor
  • £98 million for a new bridge over the River Yare in Great Yarmouth to ease pressure on the other two crossings
  • A Tech Hub created in Cambridge
  • £74 million for transport projects to be decided by the Mayor of Cambridgeshire and Peterborough
  • Other towns and cities can bid for transport money from a £840 million fund

The main measures in the 2017 Autumn Budget at explained in this video by ITV's Matt Price