Questioned on proposals for increased capital spending, the PMS said that the Chancellor would set out details in the Autumn Statement the following day, but the Government was going to commit 5bn of capital investment to help Britain in the global race. The investment would be funded in part by decreasing some departmental resources; many departments were already over-achieving on savings and the Government wanted some to seek further efficiencies. Commitments on spending in certain areas would remain in place and planned investment would be concentrated on transport, skills, science and schools. More detail would be provided by the Chancellor in his Autumn Statement.
Briefing took place at 10:00 | Search for related news
Original PMOS briefings are © Crown Copyright. Crown Copyright material is reproduced with the permission of the Controller of HMSO and the Queen's Printer for Scotland. Click-use licence number C02W0004089. Material is reproduced from the original 10 Downing Street source, but may not be the most up-to-date version of the briefings, which might be revised at the original source. Users should check with the original source in case of revisions. Comments are © Copyright contributors. Everything else is © Copyright Downing Street Says.
Contact Sam Smith.