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Major infrastructure projects including a major high-speed rail line in northern England are being reviewed as Rishi Sunak tries to find £50 billion through savings and tax hikes.
Business Secretary Grant Shapps hinted Northern Powerhouse Rail between Liverpool and Hull would be scaled back from a grander vision for the project committed to by former Prime Minister Liz Truss.
Downing Street was forced to deny it would be scrapping a commitment to build a new nuclear plant in Suffolk as part of efforts to find savings ahead of the autumn budget.
Concerns that Sizewell C could be axed or delayed were sparked by suggestions from officials but No 10 insisted it is a “crucial” project and that it hopes to conclude negotiations quickly.