Economic Policy Debate

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Department: HM Treasury

Economic Policy

Mark Garnier Excerpts
Monday 25th February 2013

(11 years, 2 months ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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Infrastructure spending—actual money being spent on infrastructure—is higher in this Parliament than it was in the previous Parliament. That is, I am afraid, the simple fact produced and audited by the independent Office for Budget Responsibility. We have increased capital spending compared with the plans that we inherited, and under this Government in this Parliament it is higher as a percentage of GDP than under the previous Labour Government. That is what has happened.

Mark Garnier Portrait Mark Garnier (Wyre Forest) (Con)
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Does my right hon. Friend agree that it is going to take slightly longer than two and a half years to sort out a problem that was 13 years in the making?

George Osborne Portrait Mr Osborne
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My hon. Friend puts it very simply. It is a bit like the arsonist calling the fire brigade and then complaining that we have not put the fire out quickly enough.