Infrastructure
(asked on 11th January 2017) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what fiscal steps he is taking to support the development of long-term infrastructure.
This question was answered on 17th January 2017
We recognise the need to increase public spending on infrastructure. That’s why, at Autumn Statement 2016, the Chancellor committed additional capital to fund new high-value economic infrastructure through the National Productivity Investment Fund. Coupled with the commitments made at Spending Review 2015, this means annual central government investment in economic infrastructure will now rise by almost 60% between 2016/17 and 2020/21, from £14bn to £22bn.