The £2 billion is not new funding, it is part of the £5 billion in new funding announced for cycling and buses in February. However, the language used by Shapps in the briefing, as well as a raft of unexpected announcements, are very much novel.
https://twitter.com/carltonreid/status/1259144913515696135
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https://twitter.com/carltonreid/status/1259144913515696135