A change to how Network Rail’s expenditure is classified next year helps explain an almost doubling of the DfT’s departmental capital budget from £8.5bn in 2018/19 to £15.8bn in 2019/20. The budget rises further to £18.4bn in 2020/21. From 2019/20 the DfT’s Departmental Expenditure Limit includes expenditure by Network Rail, which is currently classified as part of the DfT’s annually managed expenditure budget. The DfT’s resource budget will rise...
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