Education Investment

Part of Oral Answers to Questions — Treasury – in the House of Commons at 12:00 am on 1 March 2001.

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Photo of Andrew Smith Andrew Smith The Chief Secretary to the Treasury 12:00, 1 March 2001

As I said, because we took tough choices, stuck to prudent fiscal rules and built strong public finances, we are able to raise capital investment in education from £2.4 billion in the current year to £3.8 billion by 2004, a real-terms increase of 48 per cent. Total education spending will rise by £11.7 billion over the same period, an increase of 16 per cent. in real terms.