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Roads Expenditure (Loans)

Volume 531: debated on Thursday 29 July 1954

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61.

asked the Chancellor of the Exchequer whether he has now given consideration to the difficulties involved in financing road development and the construction of motorways out of revenue; and whether he will undertake that, before introducing his next Budget, he will investigate the desirability of arranging for such work to be financed at least in part by way of loans.

My right hon. Friend has noted the views expressed on this point by hon. Members. But the disadvantages of incurring debt for this purpose are formidable. As the hon. Member knows, increased expenditure on roads has already been undertaken without resort to this expedient.