UK Politics

Liberal Democratic Party: Cutting spending should be based on economic indicators says Cable

Press Release   •   Feb 05, 2010 08:51 GMT

“The IFS is right to point out that cutting spending further this year would be extremely dangerous given the weakness of the economy," said the Liberal Democrat Shadow Chancellor.

Commenting on today’s Green Budget from the Institute for Fiscal Studies (IFS), Vince Cable said:

“There is still massive uncertainty over the outlook for the British economy so it is critical that the Government has a plan to tackle the public finances which is flexible enough to adapt to the changing economic situation.

“The IFS is right to point out that cutting spending further this year would be extremely dangerous given the weakness of the economy.  It is no surprise that the Tories are now desperately trying to play down their desire to do just that.

“When to start cutting public spending and by how much should be based on economic indicators, not political dogma.”