Tony Baldry
Main Page: Tony Baldry (Conservative - Banbury)Department Debates - View all Tony Baldry's debates with the HM Treasury
(9 years, 5 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Osborne
I am afraid that the right hon. Gentleman is just wrong. Business investment is not flat; it is up 27% and is rising faster in the UK than in any other major advanced economy in the world. The deficit, according to the OBR document, was 10.2% under the previous Labour Government; it is now 5%. The idea that that is an increase is obviously nonsense. Indeed, it falls in every future year, just as it has fallen this year.
Sir Tony Baldry (Banbury) (Con)
Does not providing potentially up to £100 million in infrastructure investment to make Bicester an exemplar of a garden town for the 21st century, and ensuring that 13,000 new houses are built as speedily as possible, demonstrate that a key part of the Government’s long-term economic plan is building new homes and creating communities of which we can all be proud for generations to come?
Mr Osborne
My right hon. Friend is absolutely right. I commend him and the community leaders in Bicester for working with us to secure this extra investment in the town, to create the vision of a garden town, and to make sure that there are housing and jobs for the town’s population while preserving its beautiful character.