Autumn Forecast Debate

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Department: HM Treasury

Autumn Forecast

Chris Williamson Excerpts
Monday 29th November 2010

(13 years, 5 months ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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It is of course an independent forecast, and although the Chancellor does—and will under legislation—have the right to disagree with it, I have not exercised that right today.

Chris Williamson Portrait Chris Williamson (Derby North) (Lab)
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What words of comfort can the Chancellor offer the construction industry and the thousands of unemployed building workers who are still reeling from his Government’s decision to scrap the Building Schools for the Future programme and end housing targets? Does he not accept that a private sector-led recovery will be impossible without a vibrant construction industry? What will he do to support the industry?

George Osborne Portrait Mr Osborne
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We certainly want to support the construction industry. It is one of the specific sectors that we are looking at, as the growth review that we publish today sets out. If I can just correct the hon. Gentleman, however, I must say that the capital investment programmes of this Government are actually higher than the capital investment programmes set out in the March Budget. If he is not aware of what the Labour party fought the election on, so be it.