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Finance Of Investment Of Infrastructure Through Public Borrowing

EDM number 93 in 2002-03, proposed by Lynne Jones on 13/11/2002.

That this House notes that the total capital value of all PFI/PPP projects signed by 31st July was ú22.5 billion and that had this been raised by public borrowing, the public sector net debt would increase by 2 per cent. to just over 32 per cent. of GDP; further notes that adding on the scheduled increase in public borrowing of 0.5 per cent. of GDP by 2005-06 as detailed in the April 2002 Budget would still leave the UK with public debt of less than 33 per cent. GDP; further notes that on the European basis for measuring national debt the United Kingdom is 39 per cent. compared with a European average of 63 per cent. and that whilst borrowing in some European countries is clearly too high, the UK's is too low, especially if it means the public sector has to pay unnecessarily high charges for borrowing carried out on its behalf by private companies, further notes the profound misgivings about the PFI revealed by the Association of Chartered Certified Accountants survey; refutes the argument that the only way to provide the necessary increases in investment in the national infrastructure is through PFI; and urges the Government to fund public investment by a prudent increase in public borrowing.

This motion has been signed by a total of 44 MPs.

Lynne Jones13/11/2002Birmingham, Selly OakLabourProposed
Ann Cryer13/11/2002KeighleyLabourSigned
Bob Russell13/11/2002ColchesterLiberal DemocratSigned
Terry Davis13/11/2002Birmingham, Hodge HillLabourSigned
Janet Dean13/11/2002BurtonLabourSigned
Gwyneth Dunwoody13/11/2002Crewe & NantwichLabourSigned
Bill Etherington13/11/2002Sunderland NorthLabourSigned
Neil Gerrard13/11/2002WalthamstowLabourSigned
Diane Abbott13/11/2002Hackney North & Stoke NewingtonLabourSigned
Mike Hancock13/11/2002Portsmouth SouthLiberal DemocratSigned
Harry Barnes13/11/2002North East DerbyshireLabourSigned
Andrew Bennett13/11/2002Denton & ReddishLabourSigned
Harold Best13/11/2002Leeds North WestLabourSigned
David Taylor13/11/2002North West LeicestershireLabour Co-operativeSigned
Simon Thomas13/11/2002CeredigionPlaid CymruSigned
Rudi Vis13/11/2002Finchley & Golders GreenLabourSigned
Robert Wareing13/11/2002Liverpool, West DerbyLabourSigned
Michael Connarty13/11/2002Falkirk EastLabourSigned
Alan Simpson13/11/2002Nottingham SouthLabourSigned
Marsha Singh13/11/2002Bradford WestLabourSigned
Paul Holmes13/11/2002ChesterfieldLiberal DemocratSigned
Kelvin Hopkins13/11/2002Luton NorthLabourSigned
Nigel Jones13/11/2002CheltenhamLiberal DemocratSigned
Terry Lewis13/11/2002WorsleyLabourSigned
Elfyn Llwyd13/11/2002Meirionnydd Nant ConwyPlaid CymruSigned
David Marshall13/11/2002Glasgow, ShettlestonLabourSigned
John McDonnell13/11/2002Hayes & HarlingtonLabourSigned
Tony McWalter13/11/2002Hemel HempsteadLabour Co-operativeSigned
Martin Caton13/11/2002GowerLabourSigned
Michael Clapham13/11/2002Barnsley West & PenistoneLabourSigned
Harry Cohen13/11/2002Leyton & WansteadLabourSigned
Jeremy Corbyn13/11/2002Islington NorthLabourSigned
Alice Mahon13/11/2002HalifaxLabourSigned
Vincent Cable14/11/2002TwickenhamLiberal DemocratSigned
John Pugh14/11/2002SouthportLiberal DemocratSigned
Rob Marris15/11/2002Wolverhampton South WestLabourSigned
Helen Clark18/11/2002PeterboroughLabourSigned
Colin Challen19/11/2002Morley & RothwellLabourSigned
Dennis Skinner20/11/2002BolsoverLabourSigned
Ronnie Campbell20/11/2002Blyth ValleyLabourSigned
Eric Illsley21/11/2002Barnsley CentralLabourSigned
John Barrett02/12/2002Edinburgh WestLiberal DemocratSigned
Tony Clarke05/12/2002Northampton SouthLabourSigned
Kevin McNamara16/12/2002Kingston upon Hull NorthLabourSigned

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