Mark Menzies
Main Page: Mark Menzies (Independent - Fylde)Department Debates - View all Mark Menzies's debates with the HM Treasury
(11 years, 5 months ago)
Commons ChamberIt is because of the need to deal with the cost of living that we have taken measures such as controlling increases in council tax. That is why fuel duty is lower than it was in the plans that we inherited, and why we have taken the measures that we have taken in regard to the personal allowance. [Interruption.] The shadow Chancellor is muttering about VAT. Let us be clear about this. Labour Members did not vote against VAT; then they said they were against VAT. Last week they said that they would not change VAT; now the shadow Chancellor is complaining about VAT. It is just chaos and confusion from the Labour party.
5. What recent steps he has taken to increase the level of infrastructure investment.
In a difficult economic climate the Government are committed to investing in infrastructure. We have increased our infrastructure spending plans in this Parliament and have committed to a further £3 billion a year from 2015-16. We are using this country’s hard-won fiscal credibility to support and offer up to £40 billion in guarantees for infrastructure projects, and I will set out our plans for further investment in infrastructure on Thursday.
As an MP for the north-west, may I ask whether the Government can give assurances to the House that large-scale infrastructure projects such as HS2 will proceed under this Government?
Yes I can, and the House will be considering High Speed 2 tomorrow. I hope my hon. Friend and other Members on both sides of the House will give the project very strong support, because it is a massive project that has the capacity completely to transform the regional economic geography of this country. This Government are totally committed to delivering it, and we will do so.