Osborne said the government would commit £50bn capital investment in 2015-16 to road, railways, bridges and broadband, schools and science – with transport expected to receive the lion's share of funding.
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“Britain will spend more on capital investment in this decade than in the previous decade,” he said. However, infrastructure spend for 2015-16 matches current commitments for infrastructure investment for 2014-15.
More details on broadband funding will be announced in the government’s Investing in Britain’s Future report, covering how over £100bn of infrastructure investment will be allocated over the next Parliament.
In his statement, Osborne announced plans to reduce government spending by £11.5bn in 2015-16, with further departmental cuts falling on the Cabinet Office, the Treasury, the Department for Communities and Local Government, the Ministry of Justice and the Department for Culture, Media and Sport.
Osborne also committed a further £185m for the Technology Strategy Board.
Central government will save around £1bn in 2015-16 by centralising the purchase of common goods and services through the Government Procurement Service, negotiating better deals with suppliers and making better use of IT, said the Treasury in its Spending Round 2013 document.
The government also renewed its commitment to "digital by default" services and the adoption of new commercial models for service delivery, which it said would save £800m.
Other commitments included the creation of an integrated criminal justice system, based around a common digital platform from police station to courtroom