Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Markus Campbell-Savours Excerpts
Tuesday 20th May 2025

(1 day, 15 hours ago)

Commons Chamber
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Lisa Smart Portrait Lisa Smart (Hazel Grove) (LD)
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4. What progress she has made on updating the Green Book.

Markus Campbell-Savours Portrait Markus Campbell-Savours (Penrith and Solway) (Lab)
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12. What comparative assessment she has made of the potential impact of rules for assessing value for money in public spending on levels of funding allocated in the south-east and the north of England.

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Rachel Reeves Portrait Rachel Reeves
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I totally agree with the hon. Lady. The plans that we inherited from the Conservative party saw capital spending decline as a share of GDP, which is totally the wrong decision if we want to grow the economy and improve prospects in towns and cities across the north of England. Over the course of this Parliament, we are putting £113 billion more into capital spending so that we can build the road and rail infrastructure, the energy infrastructure, the digital infrastructure and the housing that our country desperately needs. Under our reforms to the Green Book, we will make sure that we get more investment to the places that need it, including towns and cities in the north of England.

Markus Campbell-Savours Portrait Markus Campbell-Savours
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I am grateful to have secured Thursday’s Adjournment debate on the A66 road improvement project—a key transport link between Cumbria, the north-east and North Yorkshire. Cumbria is a long way from Westminster, and many of us fear that the economic case for major projects is stacked in favour of the economically active south-east. Can the Chancellor reassure me that Cumbria will not be disadvantaged when key public spending decisions are taken?

Rachel Reeves Portrait Rachel Reeves
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My hon. Friend is a staunch defender of his constituency and region. We will make decisions at the spending review, which we will publish on 11 June, but as a proud northern MP, I am absolutely determined that the north gets its fair share of investment.