Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, if he will make it his policy that three per cent of GDP annually be invested in infrastructure; and if he will make a statement.

The government prioritises long-term investment over day-to-day expenditure, and is on course to exceed its commitment to invest £100 billion in infrastructure by 2020-21. This includes the largest programme of rail investment since Victorian times, the biggest investment in roads since the 1970s, and doubling the affordable housing budget. The Spending Review 2015 set out the government’s decision to invest £12 billion more through departmental capital budgets than was planned at Summer Budget 2015.