William Bain
Main Page: William Bain (Labour - Glasgow North East)Department Debates - View all William Bain's debates with the HM Treasury
(11 years, 5 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Osborne
As I said, the economic plan is taking Britain from rescue to recovery. I do not know if the hon. Lady knows any more about what the Labour party’s economic policy is. We did not hear from the shadow Chancellor the simple fact that he wants to borrow more. He has abandoned his argument but tragically he has stuck with the policy.
Mr William Bain (Glasgow North East) (Lab)
The £50 billion figure cited by the Chancellor for capital investment for 2015-16 is gross. Will he say whether net capital investment in 2015-16 will be higher or lower than the year before?
Mr Osborne
As I said, we are maintaining capital investment in the way that I set out in the statement.