Chris Leslie MP, Labour’s Shadow Chief Secretary to the Treasury, responding to a speech by Sajid Javid, said:

“These numbers have been totally made up. Labour has not set out any plans for extra capital spending after the election, so this is just another example of the Tory lie machine in action.

"Sajid Javid should look at what is happening under his Government. Not only has David Cameron failed to deliver rising living standards he is also set to break his promise to balance the books by next year. In fact, this Government is set to borrow £190 billion more than planned in 2010 and borrowing is going up not down so far this year.

"Labour has set out a tough fiscal commitment to balance the books - on the same measure used by George Osborne in this Parliament - and get the national debt falling as soon as possible in the next Parliament. We will get the deficit down where this Government has failed, but we will do so in a fairer way - including by reversing David Cameron’s tax cut for millionaires.”