1: Reduction in DfT revenue expenditure
Posted by TomIrvin on 13/06/25 16:09

The chancellor has announced a real terms 5% year on year cut in budgeted revenue expenditure in her 2025 spending review.

Spending Review 2025

Spending Review 2025 – summary of key points related to rail and transport - Community Rail Network

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May be an image of text that says "However, DfT Departmental Expenditure Limits will decrease by five per cent year over the next three years. The review attributes this to a declining rail passenger services subsidy as passenger ridership and revenue continue to recover post COVID-19, and efficiencies and savings are made through public ownership of rail services."