John Glen
Main Page: John Glen (Conservative - Salisbury)Department Debates - View all John Glen's debates with the HM Treasury
(1 day, 7 hours ago)
Commons ChamberAt the spring forecast last week, my right hon. Friend the Chancellor showed that we have the right economic plan. Our plan has lowered inflation, borrowing, debt and debt interest payments. Our approach means that investment is up, helping to create the conditions for growth across the UK. Our firm approach to public spending is helping to keep public finances on a sustainable path.
Given that the Chancellor has pencilled in 0.3% real-terms growth in public spending in 2029-30, and assuming that health spending is at its historical average, the special educational needs and disabilities spend is as per the proposals, and defence is at 3%, that will leave a 2.5% real-terms cut in unprotected Departments. What plans do the Chancellor and Chief Secretary to the Treasury have to fill that £13 billion gap in the 2029-30 envelope?
If the right hon. Gentleman looks at the plans that we set out through our spending review, he will be clear that we are increasing spending by £50 billion a year by 2028-29 compared with the previous Government’s plans. At the same time, we are ensuring that taxpayers get value for money. We are making £3.9 billion of efficiency savings by 2029-30, rising to £5 billion by 2030-31.