Meeting of the Parliament 19 December 2023
As I said, our capital spending power has reduced because the UK Government has persistently underinvested in infrastructure and has not inflation proofed its capital budget. It will now take longer to deliver on all our planned capital projects and programmes unless the UK Government changes course and increases its investment in its capital programme.
Despite those cuts, we are using all our powers to maximise the funding that is available to support employment and the economy, achieve net zero and maintain high-quality public services and infrastructure.