Oral Answers to Questions

Debate between Suella Braverman and Stephen Hammond
Tuesday 28th February 2017

(8 years, 1 month ago)

Commons Chamber
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Suella Braverman Portrait Suella Fernandes (Fareham) (Con)
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8. What fiscal steps he is taking to support the development of long-term infrastructure.

Stephen Hammond Portrait Stephen Hammond (Wimbledon) (Con)
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13. What fiscal steps he is taking to support the development of long-term infrastructure.

Lord Hammond of Runnymede Portrait The Chancellor of the Exchequer (Mr Philip Hammond)
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We recognise that the need to increase public spending on infrastructure is at the heart of our productivity agenda. That is why, at autumn statement 2016, we committed £23 billion of additional capital to fund new productivity-enhancing economic infrastructure through the national productivity investment fund. Coupled with the commitments made at spending review 2015, that means that between 2016-17 and 2020-21 central Government investment in economic infrastructure will rise by almost 60%, from £14 billion to £22 billion.