§ Dr. Lynne JonesTo ask the Chancellor of the Exchequer what assessment he has made of the implications of moving to Resource Accounting for public borrowing for investment. [91112]
§ Mr. MilburnOur plans for public borrowing for investment are defined by the fiscal rules that will continue to be adhered to. Forecasts for net investment and net borrowing are as set out in the Financial Statement and Budget Report. The move to Resource Accounting and Budgeting will ensure that the full economic costs of capital are properly measured and provide the correct incentives to manage capital properly once purchased.