Member

In relation to Amendments 17 and 49, tabled by the noble Lord, Lord Offord, and the noble Earl, Lord Russell, on borrowing, the Government have committed to capitalise GBE with £8.3 billion across this Parliament. I take what the noble Baroness, Lady Noakes, has said, but I have supreme confidence in my right honourable friend the Chancellor and the spending review. It is a government commitment that GBE will be capitalised with £8.3 billion across this Parliament. I cannot go beyond that because it depends on the spending review and, however much I am pressed, I cannot say anything more on this.