Proceeding contribution from Paul Burstow (Liberal Democrat) in the House of Commons on Monday, 2 February 2009. It occurred during Opposition day on Government Capital Expenditure.
Government Capital Expenditure
My hon. Friend is talking about the absolute importance of fiscal stimulus through capital investment. Does he share my concern about local authorities that put together capital programmes which rely partly on anticipated receipts on capital sales and the disposal of assets? Such local authorities are finding it increasingly difficult to make their programmes add up, as the opportunities for disposing of assets at a reasonable price dry up because of the recession. Does he agree that if the Government want the economic stimulus and local councils to deliver better street lighting, and improvements in schools and various other assets that councils hold on the public's behalf, they need to find ways to bridge the funding gap to allow councils to make the capital investment today?
Secondary information
- Type
- Proceeding contribution
- Reference
- 487 c594
- Session
- 2008-09
- Chamber / Committee
- House of Commons chamber
- Subjects
- Banks Construction Capital investment Housing Finance Fiscal policy Economic situation International Monetary Fund Public expenditure Schools Economic recession
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2024-04-21 09:30:21 +0100
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