Last year’s floods and infrastructure failings – notably the loss of railway tracks at Dawlish in Devon – highlighted the parlous state of the region’s transport links. Transport made up the bulk of the chancellor’s pledges, although most of the investment has been announced already. The £7bn figure unveiled on Wednesday covers road schemes, a few million pounds to subsidise air links, and government support for what Osborne termed “a new rail franchise”. This, it emerged, is a five-year extension to the existing operator, First Great Western, during which InterCity trains long ago ordered by the Department for Transport will be introduced.