LibLink: Chris Huhne – This is a crisis. A coalition is the only way

Over at The Independent yesterday, the secretary of state for energy and climate change, Chris Huhne, argued that a half-hearted deal between the Lib Dems and Tories would have appeared fragile and short-term. Our economic problems, he argues, call for tough decisions and certainty. And the constituional changes the Lib Dems have negotiated will endure:

… we face a prolonged period when we will be relying on the financial markets to lend the Government the money to bridge the largest peacetime gap between taxes and spending in our history. A fiscal problem of this scale is not resolved overnight. Indeed, no fiscal problem of our magnitude has ever been resolved in less than four years, and sometimes much more. If we fail to maintain the momentum of improvement, the markets could lose confidence in progress at any time. The price in higher interest rates could destroy the recovery.

That is why the Lib Dem MPs concluded that there was no point in a half-hearted deal where we would undertake to vote for budgets and confidence motions, but not participate. It would have been seen by the markets as a low-trust arrangement heading for early breakdown, and in turn the parties would have dodged the tough decisions because they expected another election and feared voter retribution. Only a coalition can deliver certainty for the prolonged period we need. …

Our Lords and Commons parliamentary party approved this deal without a single vote against, precisely because it offers a vision of a better society towards which so many of us have striven for so long. The programme of constitutional change is the most important since 1911. We have an exciting route map to a fairer, greener and more liberal society. Our successors in the Liberal tradition will never understand if we fail today to rise to the challenge, for the first time in a generation, of putting our principles into power.

You can read Chris’s article in full here.

Read more by or more about .
This entry was posted in LibLink.
Advert

6 Comments

  • “Our successors in the Liberal tradition will never understand if we fail today to rise to the challenge, for the first time in a generation, of putting our principles into power”

    I think in Chris Huhne’s case that will selling your principles and putting it into nuclear power.

  • Andrew Suffield 17th May '10 - 2:06pm

    It is all rather different to what we were saying a couple of weeks ago

    You can read pretty much anything you like into the sketchy details about economic policy that have been released so far, precisely because they are sketchy – there hasn’t been time to work out exactly what to do yet.

    Nothing I’ve seen so far contradicts what was said a couple of weeks ago. There won’t be any more of the “attacking for electoral advantage” part, but the rest is going to be up in the air for a while. We aren’t going to have a good idea how this will play out until the emergency budget is ready.

  • John Emerson 17th May '10 - 9:40pm

    So we joined the coalition because we were scared of the markets. Sigh. I suppose it’s symmentry, once we defended and nurtured the free market from out-of-control protectionism, now we are apparently controlled by it.

    The income tax threshold change was only one part of the fairer taxes (however good). How is it going to be paid for without the mansion tax and pension tax changes?

Post a Comment

Lib Dem Voice welcomes comments from everyone but we ask you to be polite, to be on topic and to be who you say you are. You can read our comments policy in full here. Please respect it and all readers of the site.

If you are a member of the party, you can have the Lib Dem Logo appear next to your comments to show this. You must be registered for our forum and can then login on this public site with the same username and password.

To have your photo next to your comment please signup your email address with Gravatar.

Your email is never published. Required fields are marked *

*
*
Please complete the name of this site, Liberal Democrat ...?

Advert



Recent Comments

  • User AvatarAndrew Tampion 25th Mar - 9:35am
    Ben Andrew "Of course, I understand that you can’t have referendums every five years, but there still has to be some mechanism of accountability to...
  • User Avatarnvelope2003 25th Mar - 9:20am
    Theakes: Why would fighting the Greens help us ? I think a deal would help both parties because we have things in common and no...
  • User Avatarnvelope2003 25th Mar - 9:16am
    The Greens collapsed (and the Liberal Democrats soared) in Somerset but won in Leominster where the Lib Dems were nowhere although they used to do...
  • User AvatarJohn Barrett 25th Mar - 8:38am
    If there was nothing better to spend the money on, there would still be little, or no sense, in spending it on a part time...
  • User AvatarAndrew Tampion 25th Mar - 8:07am
    Sue Sutherland "However, I quickly came round to the idea of a second referendum on the terms because I realised that a lot of people...
  • User AvatarGlenn 25th Mar - 5:21am
    We've spent most of the last ten years declining pensions, sky rocketing property prices, devalue the currency through QE and with savings being reduced to...