L

Lord Grayling (Con)

Speaking in the House of Lords on 29 October 2024

Debate

Fiscal Rules

Contribution

My Lords, the Government’s goal in announcing these changes is to increase capital spending. The Minister made reference to putting in place additional process to assess the viability of that capital spending, yet we already have extensive process that can be immensely costly, with organisations such as the Infrastructure and Projects Authority going through public spending and public capital projects with a fine-toothed comb. Exactly how does he think adding additional process to what is already there is going to speed things up, given that the Government are determined to deliver capital projects more quickly?

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