Spending Review Debate

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Department: HM Treasury

Spending Review

William Bain Excerpts
Wednesday 26th June 2013

(11 years, 4 months ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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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.

William Bain Portrait Mr William Bain (Glasgow North East) (Lab)
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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?

George Osborne Portrait Mr Osborne
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As I said, we are maintaining capital investment in the way that I set out in the statement.