§ Mr. Paul MarsdenTo ask the Chancellor of the Exchequer if he will make a statement on the forecasts his Department has made of the impact on the economy of reducing national public spending by specified increments over the next three years. [156580]
§ Mr. Andrew SmithForecasts for the UK economy were set out in Budget 2000, based on all relevant information including the Government's spending plans.
Spending Review 2000 provided £43 billion extra resources for public services and infrastructure. Cuts to these affordable plans would harm key services as well as threatening the necessary renewal and modernisation of the country's capital stock.