Chi Onwurah – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Chi Onwurah on 2016-01-19.

To ask Mr Chancellor of the Exchequer, whether (a) all and (b) part of the funding for universal technology schools count as public sector borrowing for the purposes of calculating the national debt.

Greg Hands

The Department for Education provides capital funding to support the construction of new University Technical Colleges and allocates resource funding to support day to day running costs.

This funding impacts on public sector borrowing and public sector net debt in the same way as other central government spending.