Reeves to back £1.7bn extension of London’s Docklands Light Railway
PositiveFinancial Markets

- Rachel Reeves is expected to announce funding for a £1.7 billion extension of the Docklands Light Railway to Thamesmead, aiming to support the development of new homes in the area.
- This extension is crucial as Thamesmead has been underserved by public transport, which has stymied potential redevelopment projects that could provide housing.
- The upcoming budget discussions include considerations of tax increases and spending cuts, highlighting the broader fiscal challenges facing the government as it seeks to balance infrastructure investments with economic management.
— via World Pulse Now AI Editorial System