Also in 2010 at the treasury….
David Laws told reporters: "When I arrived at my desk on the very first day as chief secretary, I found a letter from the previous chief secretary to give me some advice, I assumed, on how I conduct myself over the months ahead.
"Unfortunately, when I opened it, it was a one-sentence letter which simply said: 'Dear chief secretary, I'm afraid to tell you there's no money left,' which was honest but slightly less helpful advice than I had been expecting."
So there may have been a reason regarding the £55Billion…….
Either way, Governments have ignored this and now are making a complete dogs dinner of it……
"If we used financial accounting we would never have any public spending, we would build nothing ... Financial accounting would strike a dagger through the whole case for public sector investment"
Philip Hammond justifying the now estimated £110B spend on HS2, November 2010
When there is political and personal will money will always be found. It's spending will be justified by those who wish to do so. The reason that money was not spent on schools at the time was that there was no sense of any direct personal or political gain to be had.
