Finance Bill

Part of Bill Presented — Constitutional Convention (No. 2) Bill – in the House of Commons at 2:37 pm on 21st July 2015.

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Photo of Roger Mullin Roger Mullin Shadow SNP Spokesperson (Treasury) 2:37 pm, 21st July 2015

My hon. Friend answered his own remarks with his last four words. It has been a failure, and now the Government are also failing on productivity.

As I was saying, the potential contraction of £10 billion in lending is made worse because it is now paralleled by a further planned drop in public sector capital expenditure, as my estimable colleague, my hon. Friend Stewart Hosie, revealed earlier today in questions to the Chancellor.