Finance Bill

Part of the debate – in the House of Commons at 6:40 pm on 6th July 2010.

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Photo of Michael Meacher Michael Meacher Labour, Oldham West and Royton 6:40 pm, 6th July 2010

The right hon. Gentleman's fantasy that there will be a continuation of or an increase in capital investment is completely belied by the OBR forecast on page 90 of the Treasury Red Book, which shows that net investment will fall from £49 billion in the current year to £21 billion in 2014-15. That is a colossal drop.

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