Chris Leslie MP, Labour’s Shadow Financial Secretary to the Treasury, responding to the PAC report on the National Infrastructure Plan, said:
“Three years into this Government it is worrying that the Public Accounts Committee has questioned the credibility of their National Infrastructure Plan.
“The reality is that deep cuts to capital spending mean the Tory-led Government has seen over £5 billion less in capital investment in its first three years when compared to the plans inherited from Labour. Delay, indecision and inaction on key projects risk holding back our recovery, with output in the construction sector down 12.2 per cent since the Spending Review.
“Our economy is flatlining with David Cameron and George Osborne giving us the slowest recovery for 100 years. We urgently need a plan for jobs and growth, including bringing forward infrastructure investment and building thousands of affordable homes. This is vital if we're to kickstart our economy and strengthen it for the long-term.”