Spending Round 2019

Part of the debate – in the House of Commons at 1:43 pm on 4th September 2019.

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Photo of Sajid Javid Sajid Javid The Chancellor of the Exchequer 1:43 pm, 4th September 2019

This spending round is focused on day-to-day resource spending. The hon. Lady may know that some very important investments that will need to be made on decarbonisation will be capital investments and that is just not covered today, but that does not mean to say it is not going to happen and is not taken seriously. However, one step that we have taken today is to provide more funding to the Department for Business, Energy and Industrial Strategy to work with the Treasury on the decarbonisation plan to meet the net 2050 targets; there is additional funding of £30 million to work on that programme. There are also other measures I have announced today that would help—for example, the £200 million on ultra-low emission buses. I hope the hon. Lady would welcome that, too.