§ Lord Tebbit
asked Her Majesty's Government:
Whether they are satisfied that the current capital stock of housing, roads and other transport infrastructure, hospitals, schools and environment services is adequate for the present and projected population of the United Kingdom. [HL1252]
§ Lord McIntosh of Haringey
The Government are addressing the legacy of under-investment in the UK's infrastructure by reforming the public sector spending framework to ensure prioritisation of investment, and by providing for increased capital spending. Published fiscal projections assume that public sector net investment will increase from 2 per cent of gross domestic product in 2005–06 to 2.25 per cent by 2007–08, and will remain at this level in 2008–09 and 2009–10.
To reinforce the need for investment in public assets to be effectively planned, delivered and managed, the Government are taking forward the recommendations of Sir Michael Lyons in his report Toward Better Management of Public Sector Assets published on 2 December 2004.