Episode description

Ahead of the Autumn Budget on October 30 2024, Richard spoke to the Railway Industry Association’s (RIA’s) Chief Executive Darren Caplan about what the railway’s supply chain wants to see announced.

They discuss: the economic value of investment in the railway, the importance of a pipeline of work to secure the supply chain, the part private finance might play, and some specific projects such as Euston station, new rolling stock orders and electrification.

In this episode:

(00:00) Intro (02:36) Labour’s first 100 days (05:39) RIA’s Budget submission theme and motivations (09:47) Economic value of rail investment (14:58) The role of private finance (18:02) Land Value Capture schemes (20:02) Urgent actions – why no HS2? (22:32) Optimism about the future?

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