but iyou ve got it on a trajectory, it s gone up and it s then going to go down. well. hang on. just let s just explain exactly what happened. so in that 2020 budget, when rishi sunak was chancellor, it was the biggest ever increase. now, i then had to balance the books a year ago. it was an incredibly difficult situation, but it was necessary for the markets and it was necessary for the battle against inflation. so what i chose to do was to freeze that capital budget in cash terms, which is not a freeze in real terms. i hope as soon as we can afford to, we can get back to real terms growth. but i m absolutely committed to public investment. in a speech coming up shortly, the labour leader sir keir starmer is expected to say his party will have an obsession with economic growth to raise living standards. he will also say that labour won t be able to turn on the spending taps if it wins the next election. we ll bring that speech to you live here on bbc news. the gaza run hea
Investment
Thing
Plan
Plans
Autumn-statement
Five
Place
Capital-budget
Proxy
2020
Terms
Public-capital-spending