HC Deb 10 May 2001 vol 368 c279W
29. Judy Mallaber

To ask the Chancellor of the Exchequer if he will make a statement on the Government's approach to investment in public services. [159909]

Mr. Andrew Smith

When this Government came to power, public sector net investment was equal to 0.5 per cent. of national income. The plans set out in the 2000 Spending Review will increase net investment to 1.7 per cent. of GDP by 2003–04. This Government are turning around 20 years of under-investment to modernise our public services.