Chancellor George Osborne delivers autumn statement

Plans to extend High Speed 2 (HS2) to the north west and West Yorkshire will be set out by the transport secretary in 2013.

The announcement was made by the chancellor George Osborne while delivering his autumn statement, which also set out £600m for the UK’s scientific research infrastructure, plus a £1bn loan and guarantee to extend London Underground’s Northern line to Battersea Power Station. A further £1bn was committed to road improvements.

Industry reaction to Osborne’s speech will be published on December 6.