Lord Lansley
Main Page: Lord Lansley (Conservative - Life peer)Department Debates - View all Lord Lansley's debates with the HM Treasury
(8 years, 5 months ago)
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Lord O'Neill of Gatley
My Lords, I suspect that this will be a rather repetitious session. It will be a decision for the new Prime Minister. Wales is not the only place in the United Kingdom that is in this position, and there are many others that we have to consider.
Lord Lansley (Con)
My Lords, my noble friend will recall that in the last Parliament we legislated for access to infrastructure investment so that projects could have access to the Government’s capacity to borrow at relatively very low rates. Can he tell us to what extent Wales has been able to access that facility for projects in Wales?
Lord O'Neill of Gatley
My Lords, as I mentioned in my opening statement, the legislation that is currently being discussed in the other place makes provision for the Welsh Government to use income taxes to give themselves a lot more leeway to spend and invest in the way that they see fit.