Altogether, the Government inherited £996 billion of major projects, but a record proportion – £198 billion – are now given a red classification by a new quango set up by the Labour Government, the National Infrastructure and Service Transformation Authority, which reports to the Treasury. In the past 12 months, the value of unachievable projects nearly doubled – rising by £101 billion to £198 billion. This is the highest figure and proportion of projects since annual monitoring by Whitehall of progress on infrastructure schemes began in 2013. A red project “means successful delivery of the project appears to be unachievable. “In June 2025, I set out a comprehensive 10-Year Infrastructure Strategy to restore confidence in the UK’s infrastructure.