George Osborne approves Mersey Gateway
Merseyside's economy has been given a massive boost today with the news that the chancellor George Osborne has approved the Mersey Gateway.
The second river crossing is a vital piece of infrastructure investment if the region's economy is going to be able to compete.
The area around Runcorn and Widnes is already a logistics centre (home of Stobarts Transport to mention just one). But the new bridge is vital to it remaining competitive. The bridge will also help the expansion of the Port of Liverpool.
Cutting it would have been unthinkable, just ask anyone who has been stuck in traffic when the Silver Jubilee bridge is closed.
Clearly the government understands the need for big infrastructure investments.
Champagne corks may be popping at Halton council on Wednesday when the decision is officially announced as part of the spending review, but public sector workers across the region are likely to be drowning their sorrows when we get the detail of the cuts.
Paying for big projects is not cheap, so cuts may be deeper in other areas to help fund schemes like the Mersey Gateway.