Oral Answers to Questions

Stella Creasy Excerpts

Wednesday 3rd February 2016 Commons Chamber

[The Prime Minister]

We are very happy to work with the authorities on the Isle of Wight. I think that I am right in saying that the spending power will increase slightly in the next year. As it is a relatively flat cash settlement overall over the five-year period, this local government settlement allows councils to use their reserves and also to sell unwanted property and use the money directly to provide services to bridge that period. Although I am happy to look at the circumstances of the Isle of Wight, I do believe that it is a fair settlement.

[Stella Creasy (Walthamstow) (Lab/Co-op)]

Q9. The Prime Minister has told us today that more money is going into the NHS, but let me tell him that my local hospital trust is spending £1.5 million a week on interest payments alone to Innisfree for its private finance initiative deal. [Interruption.] Wait for it. The Prime Minister eventually saw sense about the need to deal with the damage that high-cost credit was doing to individuals, but when will he deal with these legal loan sharks of the public sector?

[The Prime Minister]

Sometimes it takes a long time to unwind the damage done by a Labour Government. The hon. Lady is absolutely right. One of the first things that we did in Government was to launch a review of Labour’s PFI and begin an initiative to extract savings and give better value for money for all of the projects, including Barts. In her own health economy, there are more GPs in the NHS, and next year, because we are putting more money into the NHS, the NHS Waltham Forest clinical commissioning group will get a cash increase of 3.7%.