David Ruffley
Main Page: David Ruffley (Conservative - Bury St Edmunds)Department Debates - View all David Ruffley's debates with the HM Treasury
(11 years, 6 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Osborne
Let me tell the hon. Gentleman the appalling situation. It was an 11% budget deficit that the Opposition left us when they left office—11%. It is now going to be 7.7%. Borrowing—[Interruption.] The right hon. Member for Morley and Outwood (Ed Balls) asks how much money. I will tell him. The Opposition were borrowing £157 billion. We are now borrowing £118 billion. Borrowing is not going up. It came down from £157 billion to £118 billion, and if the right hon. Gentleman cannot do that maths, no wonder he left the country in such a mess.
Mr David Ruffley (Bury St Edmunds) (Con)
The A14 Cambridge toll road is strategically vital for the golden economic triangle that is Cambridge, Norwich and Ipswich—
Mr Ruffley
And indeed Colchester. Can my right hon. Friend the Chancellor confirm that he will have that at the forefront of his mind when the Treasury makes its capital allocations?
Mr Osborne
The A14 is a strategically important road, not just for my hon. Friend’s constituents, but for the whole country. It links ports to many of our largest cities. It is at the forefront of our mind. My right hon. Friend the Chief Secretary will set out on Thursday not just the capital plans for 2015-16, important as they are, but our long-term plans for road investment. Central to that is making sure that Britain has the economic infrastructure that we need to succeed in the modern world, and the A14 is part of that infrastructure.