Chancellor axes Restoring Your Railway programme

Howard Johnston Contributing Writerrail@bauermedia.co.uk

NEW Chancellor of the Exchequer Rachel Reeves has cancelled the previous government’s Restoring Your Railway scheme, as part of her Commons announcement on July 29 to reduce national public spending. Reeves revealed that no money has been spent during this financial year for any of the schemes that were trumpeted as Restoring Your Railway (RYR) competition winners in 2021, and only £76 million had been allocated for 2024-25. This has now been wiped out. Campaigners hoping to reopen the western end of the Ivanhoe Line between Coalville and Burton on Trent have been among the first to suggest that Reeves’ decision might scupper the £100m-plus project, despite newly elected Labour MPs in local constituencies having pledged their strong support. Alongside the RYR abandonment, Transport Secretary Louise Haigh has said that…

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