Oral Answers to Questions Debate

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Department: HM Treasury
Tuesday 29th April 2014

(10 years ago)

Commons Chamber
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Danny Alexander Portrait Danny Alexander
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I can confirm that the scheme is meeting our expectations. It is a major scheme for the region, with estimated investment of £102 million. The Secretary of State for Transport, who is in his place, confirms that it is on track and scheduled for completion in December 2014. I am pleased to be able to tell the House that a major milestone was delivered yesterday, as the Elveden bypass opened to traffic for the first time.

Lindsay Roy Portrait Lindsay Roy (Glenrothes) (Lab)
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If the Government’s economic plan is working so well, why is the Chancellor planning to borrow £190 billion more than previously planned?

George Osborne Portrait Mr Osborne
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This country was borrowing £150 billion a year when this Government came to office, and we are on course to reduce the deficit by a half this year. We are taking—[Interruption.] What exactly is the Labour party’s complaint? Is it that we are not doing enough to reduce the deficit? Labour said that we were doing it too quickly and opposed all the things we proposed in recent years. Labour simply has no explanation for why the economic growth it said could not happen has happened.