Jesse Norman
Main Page: Jesse Norman (Conservative - Hereford and South Herefordshire)Department Debates - View all Jesse Norman's debates with the HM Treasury
(11 years, 9 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Osborne
It is an inconvenient truth to the hon. Gentleman that public investment as a percentage of GDP is higher on average in this Parliament than under the entire last Labour Government. That is because this Government are making the difficult choices on welfare, which Labour Members oppose, to save money and reduce the deficit, and to spend more, for example, on roads than they did during their period in office. That is the right priority for the taxpayer.
Jesse Norman (Hereford and South Herefordshire) (Con)
Can the Chancellor confirm that Labour’s last Budget planned to cut capital spending by 50%?
Mr Osborne
Yes I can. Again, it is an inconvenient truth that we are spending billions of pounds more on capital spending than was setout in the Budget that half of them opposite, who were in Parliament before the last election, voted for. We are making those choices: they oppose everything because they have nothing to offer in this place.