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Main editorial comment: Issue 557 29 Oct 2010

Economies and scale

Local Transport Today

Philip Hammond will be a happy man this week. The transport secretary may have been the last to reach a settlement with the Treasury in the Comprehensive Spending Review but he came away with considerably more than just breadcrumbs. The DfT’s 15% budget reduction over the next four years is lower than the 19% Government average and the Department’s reduction in capital funding (11%) is far better than the 29% average.

Hammond went into the negotiations with a clear priority –...

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