Skip to main content

Proceeding contribution from George Osborne (Conservative) in the House of Commons on Wednesday, 20 October 2010. It occurred during Ministerial statement on Comprehensive Spending Review.


Comprehensive Spending Review

Let me say first that the biggest gamble that the country could have taken in the current world environment would have been not to set out a credible plan to reduce the budget deficit. If we had not set out that plan and made our decisions, we really would have been in the firing line. Secondly, the capital spending cuts that I have—unfortunately—announced today are less than those proposed in the Labour Government's plan, because of the increase in the capital envelope that I announced. That does make them particularly easy, but I have sought to prioritise infrastructure investments, and if there are good projects in Northern Ireland we can work on them with the devolved Administration. This is, of course, an area of devolved responsibility. Finally, let me say that one of the absolute priorities of my right hon. Friend the Secretary of State for Northern Ireland, after security, is enabling the economy to grow and a private sector recovery to take place in Northern Ireland. I am sure it will be possible to arrange, some time later this year, an opportunity for us all to get together—the representatives in Northern Ireland, the Secretary of State and I—to discuss what we can do to help Northern Ireland see that private sector job growth.


Secondary information

Type
Proceeding contribution
Reference
516 c980 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Child tax credit Compensation Crime prevention Disadvantaged Benefits rules Cost effectiveness Defence BBC Age Contributions Devolution Capital investment Civil servants Development aid Civil list Fares Housing benefit Government departments Interest charges Economic situation Equitable Life Assurance Society NHS Police Local government finance Workplace pensions Public sector Public bodies Public expenditure Pupils Railways Redundancy Non-departmental public bodies Midland Metro Public finance M25 Public sector debt Social security benefits Welfare tax credits State retirement pensions Working tax credit Terrorism Schools Reform Social rented housing Reviews Retirement Science Tyne and Wear Metro Security of tenure S4C Sure Start programme BBC World Service A3 Cuts Employment and support allowance M4 M62 M5 Olympic Games 2012 Presbyterian Mutual Society Departmental expenditure limits Bank levy Green Investment Bank A11 Birmingham New Street Station
Link
View this Proceeding contribution on www.publications.parliament.uk