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| Spending Review: Boost to Scottish capital expenditure | Spending Review: Boost to Scottish capital expenditure |
| (35 minutes later) | |
| Scotland is to receive a major increase to capital expenditure as a result of the chancellor's spending review. | Scotland is to receive a major increase to capital expenditure as a result of the chancellor's spending review. |
| The Scottish government's capital spending allocation will rise by 12.9% in 2015/16, the equivalent of £296m. | |
| Chancellor George Osborne said the Scottish resource budget in 2015/16 would be £25.7bn, a 1.9% real terms cut. | |
| Mr Osborne has been unveiling £11.5bn of cuts in a statement to the Commons, to help reduce the national deficit. | Mr Osborne has been unveiling £11.5bn of cuts in a statement to the Commons, to help reduce the national deficit. |
| The chancellor told MPs: "Being part of the UK means Scotland will see its capital spending power increase by almost 13% in real terms in 2015-16. | |
| "And rightly it's for the Scottish Parliament to decide how best to use it. Devolution, within a United Kingdom, delivering for Scotland." | |
| Mr Osborne also outlined so-called ''Barnett consequentials" resulting from reductions to department spending budgets in England. | |
| He said: "Because we have prioritised health and schools in England, this feeds through the Barnett formula to require resource savings of around just 2% in Scotland, Wales and Northern Ireland. | |
| "The Scottish resource budget will be set at £25.7bn. And Scotland will benefit from new capital borrowing powers of almost £300m." | |
| Secretary of State for Scotland Michael Moore said the chancellor's announcement was a "fair and positive result for Scotland". | |
| He added: "The Scottish government has asked for additional capital resource and the UK government has delivered it. They must now use it to invest in Scotland and help the economy grow. | |
| "This good news is coupled with the fact the Scottish resource budget will be about flat cash in 2015/16, significantly better than the reductions across the rest of the UK." |