Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Inflation stays below three per cent despite price warning

      The Bank of England is expected to hold interest rates at four per cent due to stubbornly high inflation.

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      England’s secret weapon against World Cup heat? British company’s £26 product

      Breaking news scene with journalists interviewing a business leader in front of corporate headquarters, microphones and ca...

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Old Pulteney releases 50-year-old whisky for 200th anniversary

      Old Pulteney 50-Year-Old single malt Scotch whisky bottle with elegant packaging on display, highlighting luxury and craft...

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Sunday 30 November 2014 11:58 pm  |  Updated:  Friday 07 June 2019 6:24 pm

George Osborne puts his money on roadbuilding and reveals Stonehenge tunnel plans

By: Kate McCann

Add as a preferred source on Google

Chancellor George Osborne will today unveil plans to build a tunnel under historic landmark Stonehenge, as he sets out how £15bn will be spent to overhaul British roads.

The announcement marks the end of a long-running battle for a tunnel at the site, after plans were dropped seven years ago because of cost.

Deputy prime minister Nick Clegg will unveil the plan alongside Danny Alexander and Tory transport secretary Patrick McLoughlin.

The Liberal Democrats and the Conservatives have divided up the pre-Autumn Statement announcements this week, ahead of the chancellor’s final fiscal address of this parliament before the general election.

“Roads are key to our nation’s prosperity. For too long they have suffered from under-investment,” McLoughlin is expected to say this morning.

“This government has a long-term plan to secure the country’s future and this £15bn roads programme is demonstration of that. Better roads allow us to travel freely, creating jobs and opportunities, benefiting hardworking families across the country,” he will add.

The Stonehenge project will please business group the CBI. The organisation’s leader John Cridland described the move as “a lifeline for businesses in the south west.”

Although the transport plans have been widely welcomed, Labour has accused the government of repackaging an old announcement after plans for the scheme were first announced in the Budget earlier this year.

“If ministers were as good at upgrading roads as they are at making announcements about upgrading roads, life would be considerably easier for Britain’s hard-pressed motorists, who have been consistently let down by this government,” shadow transport secretary Michael Dugher said yesterday.

Alongside the planned tunnel at Stonehenge, Clegg will also visit the Woodhead Pass across the Pennines today, where he will reveal plans to increase the capacity of the road.

Ministers are setting out 84 new road schemes, many of which are in the north of England. One-third of M25 junctions will also benefit.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

Related Topics

  • Autumn Statement 2015
  • George Osborne
  • People

Trending Articles

  • Rathbones to suspend thousands of client account inflows after FCA probe deals £530m blow

  • As it happened: FTSE 100 relief rally runs out of steam as BP and Shell weigh; Oil hits three-month low

  • Rolls-Royce shares surge as SMR unit bags multi-billion pound Swedish nuclear contract

  • More Big Four blues as Deloitte plans to slash UK audit roles

  • London Tech Week sums up everything wrong with UK tech

More from CityAM

  • George Osborne: Manchesterism is a real thing but Burnham ‘only part of the story’

    Politics
    George Osborne speaking at a business conference, wearing a suit, addressing economic issues and policy changes in the UK.
  • Debenhams and Revolution unveil new beauty collaboration

    Retail
    Debenhams Group was rebranded from Boohoo Group earlier this year
  • New HS2 budget to blow £33bn hole in public finances

    Transport & Infrastructure
    HS2 construction worker inspecting tunnel progress, showcasing infrastructure development and engineering expertise
  • ‘Obscene’ – HS2 on track to cost at least £102bn as minister slams ‘gold-plated folly’

    Transport & Infrastructure
    HS2 construction progress at Birmingham station with cranes and workers, highlighting UKs high-speed rail project development
  • Why can the Faroe Islands build faster than Britain?

    Opinion
    Underwater roundabout in the Eysturoy Tunnel, featuring modern engineering and design, credit Getty Images
  • Reeves to overhaul ring-fencing regime in a bid to boost the UK economy

    Banking
    HSBC's Canary Wharf office.
  • Deputy PM to unveil AI labs to drag legal sector out of ‘analogue’ age

    Legal
    David Lammy speaking at a press conference, addressing key issues in current political landscape, wearing a formal suit.
  • VPN demand rockets as UK prepares for under-16 social media ban

    Tech
    Getty Images logo on a digital screen, symbolizing media and photography industry presence in news and business contexts

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies