Speeches

Lord Kennedy of Southwark – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Kennedy of Southwark on 2015-11-26.

To ask Her Majesty’s Government what is the current level of spending on infrastructure in the UK, compared to the rest of the G7.

Lord O’Neill of Gatley

The National Infrastructure Pipeline outlines over £410 billion of planned investment to the end of the decade and beyond; this includes both public and private investment.

At the Spending Review, it was announced that the Government will exceed its commitment to invest £100 billion in infrastructure by 2020-21. It will now make a public investment of £120 billion. (This includes social infrastructure).

HM Government does not hold figures on infrastructure spending in other G7 countries, and methodological discrepancies prevent reliable comparison of infrastructure spending.