BBCNEWS BBC July 2, 2024
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...
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