Jonathan Edwards
Main Page: Jonathan Edwards (Independent - Carmarthen East and Dinefwr)Department Debates - View all Jonathan Edwards's debates with the HM Treasury
(11 years, 5 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Osborne
When I became Chancellor we were borrowing £157 billion a year. We are forecast to borrow £108 billion a year, which is a reduction in borrowing.
Jonathan Edwards (Carmarthen East and Dinefwr) (PC)
Why is the Chancellor going to decide what capital investment projects should be delivered in Wales if the Silk commission is implemented, considering that transport is devolved?
Mr Osborne
There is a specific issue around borrowing powers and the M4 corridor through Newport. That has to be done in partnership with the Government in London, but we are very aware of the benefits of that scheme. The Welsh Assembly and the people of Wales will welcome what we are proposing to do on the devolution of further tax and borrowing powers. We will set that out shortly.