William Bain
Main Page: William Bain (Labour - Glasgow North East)Department Debates - View all William Bain's debates with the HM Treasury
(11 years, 4 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Danny Alexander
I very much agree with my hon. Friend’s point. As the Member of Parliament for Inverness, I am all too aware of the importance of air connectivity for remote areas of the country. This fund will help to ensure that for all parts of the UK there is support available when those projects can be justified.
Mr William Bain (Glasgow North East) (Lab)
Given that the Chancellor has had to admit that the spending round did not bring forward a single penny of new public capital investment for 2015-16, can the Chief Secretary tell the House when we will have the judgment of the Office for Budget Responsibility as to whether his statement today will make any difference whatsoever to growth this year, next year or the year after?
Danny Alexander
The OBR will publish a new growth forecast at the time of the autumn statement. At the Budget this year we allocated an additional £3 billion of capital in 2015-16 and for the remaining years of the decade, and the announcements today are partly about how we will use that money.