The Chancellor has announced a £1 billion pound loan to London Underground to finance the extension of the Northern Line to Battersea.
Mayor of London Boris Johnson said:
“I am delighted that after months of intensive discussions and hard work we have got the go ahead from Government on financing an extension to the Northern Line, which is hugely significant as Nine Elms is one of the areas with the greatest prospect for new development in the whole of the capital.
"It will be an incredible confidence boost for developers preparing to invest there and it will also be a considerable boost for local people who will benefit from the new Tube link.”
More top news
A drunk man who narrowly escaped death when he lay down between train tracks in Harlow has been given a 12-month community order.
A man from north London has been charged with the manslaughter of Louella Eve Fletcher-Michie, who died at the Bestival music festival.
The mother of Ellie Butler - the six-year-old murdered by her father - has lost a bid to challenge her conviction.