London is an ever-changing and growing city.

To do this, it needs to invest in its infrastructure and transportation.

So what does London want in the next budget and how realistic are its targets?

HS2 Euston

Businesses and residents despaired over the indecision plaguing HS2 and whether the terminal would be located in Euston.

The area has been devastated by the HS2 project and hundreds of homes and businesses have been demolished as a result of this plan.

Now it’s dwarfed by a mothballed brownfield where not much happens. Local people say that the area is divided into two.

The previous government stopped building work there and asked for private money to fund the tunnel from Old Oak Common to Euston and pay for new homes and businesses. Although the Minister of Transport recently gave the signal, it does not look like the money will come HS2 likely to be extended to Euston.

Commentators say it doesn’t make sense to have the terminal at Old Oak Common in west London as you lose any time advantage if you have to use the Elizabeth line to get to central London.

Mayor of London Sadiq Khan believes HS2 is a key part of the redevelopment of Euston station.

“Euston is a complete mess,” he said. “Congestion, platforms, screens, danger concerns if you drive Euston on a daily basis.

“We need to improve the public realm. I think the only way we can improve this station and have the connectivity we want, connecting to the Elizabeth line, connecting to the Northern, connecting to the tube, is for Euston to be a destination for High Speed ​​2.”

Affordable homes and job opportunities

The business community wants this to continue. Business Ldn chief executive John Dickie wrote to the rail minister last month about HS2 coming to Euston. “There has never been a cheaper time to build this tunnel,” Mr Dickie said.

One of the key stakeholders is Camden Council. He recently told BBC London: “We are ready to lead a development that provides affordable homes and job opportunities for residents while also serving the whole country.

“We don’t just want a seat at the table, we want the power to lead and be a central player in a partnership that can make this vision a reality.”

The mood music sounds pretty positive that the government will give the green light to HS2 Euston. Remember that the local MP is Prime Minister Keir Starmer, who knows the issues very well. The question is how much will public money pay for if it is included in the budget? Will it fund just the tunnel or the entire development, including homes and retail? And even with HS2 coming online, Euston probably won’t open until the 2040s.

Long Term Transport for London funding

The relationship between Mr Khan and the government has improved since the general election.

On a recent visit to a train factory in Goole, East Yorkshire, the mayor said: “Within three months we’ve seen them give the green light to 350 houses in Cockfosters, Oxford Street has been given the green light and there will be a train here with trains coming to London next year.” Investment of £2.9 billion”.

“If the first three months are anything to go by, I hope this government understands how much has been invested in our capital.”

Transport for London (TfL) commissioner Andy Lord thinks a long-term funding deal is critical.

“We live on short-term financing arrangements,” he said.

“The current capital financing agreement will expire at the end of this financial year, i.e. at the end of March 2025.

“We only got half of what we wanted from the last government, so I hope that a new government with positive discussions and long-term capital funding similar to the National Highways and Rail Network will reassure TfL on this. There is need for renewal and investment.”

Transport Secretary Louise Haigh was asked if she had a long-term funding plan for Tfl.

“We will try to do this through the Spending Review,” he said.

“It’s really important that areas like London, like our mayors across the country, have long-term stability so they can plan and, most importantly, reduce costs.

“Stop-starts have disrupted the industry and added real uncertainty and real costs to taxpayers.”

It looks like all long-term deals will be pushed back to the Spending Review in the spring.

DLR extension plans

Other projects that may be funded include: DLR extension to Thamesmead And Bakerloo line extension.

The DLR expansion plan is hugely ambitious and involves the construction of up to 30,000 new homes along the route from Beckton to Thamesmead in south-east London.

Ben Curtis, of the Campaign for Better Transport, said extending both the DLR and the Bakerloo line would be in line with the government’s ambitions.

“The government recognizes the role of transport in driving growth and the extension of both the DLR and the Bakerloo line would be examples of this,” he said.

Both projects have long been discussed by Transport for London, local councils and communities.

The DLR for Thamesmead will open connections to east London and along the river, unlocking opportunities to build thousands of new homes and create thousands of jobs.

The expansion of the Bakerloo line will open connections and capacity to hundreds of thousands of people in south-east London, providing fast connections across the city and creating opportunities for more housing, businesses and economic growth.

Pedestrianization of Oxford Street

Pedestrianization of Oxford Street is also something that could stand out.

The mayor wants to establish a Mayoral Development Corporation there Although many locals oppose this idea.

Although the city does not request specific funding, it may request greater authority to raise funds.

Deputy Prime Minister Angela Rayner was at a press conference to support the mayor’s plans to make this happen.

We’ll find out which projects will take their next steps on October 30.

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