We thought it would be useful to provide a summary of the relevant points in the Spending Review and Autumn Statement 2015.
Overall there is a 37% reduction in the DfT's operational budget - among the deepest cuts to any department. However, in capital terms the transport budget increases by 50%, with a focus on Network Rail, roads, highway maintenance and HS2. (Further detail can be found in pages 55-56 of the Spending Review and Autumn Statement 2015 document. See the table on page 55 for budget breakdown.)