Energy and Transport: Finance
The question
To ask the Chancellor of the Exchequer, whether her Department has conducted an assessment of the potential economic impact from (i) cancellation, (ii) delay, (iii) descoping, (iv) or reprofiling of energy and transport projects to fund increases in defence spending.
Answered by Lucy Rigby
A safer, more secure country is the right environment for the investment needed to deliver economic growth.
This Government’s commitment to the fiscal rules is non-negotiable. To fund the Defence Investment Plan within the fiscal rules, departments have been asked to identify savings from delays, cancellations and efficiencies where appropriate, while maintaining a focus on value for money and supporting the Government’s wider growth objectives. This approach helps keep inflation and household costs down now, and means we aren’t loading debt onto future generations.
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