Financial Times FT.com

Transport offers little to stimulate economy

By Jean Eaglesham and Robert Wright

Published: October 30 2008 04:45 | Last updated: October 30 2008 04:45

Alistair Darling will be forced to exclude virtually all transport projects from his plans to bring forward spending to mitigate the impact of the recession, Geoff Hoon, the transport secretary, has warned.

The chancellor’s Keynesian approach of increasing public works to protect jobs and stimulate demand would seem a natural fit for the government’s ambition to build new roads, railways and runways.

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