UK Politics

Liberal Democratic Party: Labour’s PBR failed to deliver says Cable

Press Release   •   Jan 07, 2010 10:50 GMT

“At the start of a new decade, rebalancing our economy and creating a fair society should be the number one priority of any party seeking high office," said the Liberal Democrat Shadow Chancellor.

Commenting on today’s Treasury Committee report on the 2009 PBR which calls for more clarity in the Government’s plans to deal with the deficit, Vince Cable said:

“There has never been a deficit like this one and we need a sensible and coherent plan for dealing with it.

“Instead, the Chancellor ducked the hard choices on spending and cuts in his PBR and left the British people in the dark.

“With the General Election a matter of months away, Labour and the Tories need to follow our example and spell out how they plan to tackle the deficit.

“The priority is to move the economy out of recession, but there is also a need to restore fiscal credibility and to allow government to focus its resources where are they are most needed.

“At the start of a new decade, rebalancing our economy and creating a fair society should be the number one priority of any party seeking high office. This Government’s PBR failed to deliver that. It’s time someone else had a go.”