7 November 2019 – the overnight press release

Lib Dems: Javid has more in common with the Labour party than he thinks

Speaking ahead of Sajid Javid’s speech tomorrow, Liberal Democrat shadow Chancellor and Deputy Leader, Ed Davey said:

The most significant economic policy divide in this election is between Brexit economics and Remain economics. The uncomfortable truth for Javid is that the Conservatives and Corbyn actually agree on Brexit.

Brexit, whether red or blue, will be disastrous for Britain, threatening businesses and livelihoods right across the country.

And the Conservatives and Labour also both want significant shifts in the direction of Britain’s economic policy – one to the hard right and one to the far left.

In contrast, the Liberal Democrats are committed to stopping Brexit, to boost growth and generate a Remain Bonus of £50 billion for our public services. This election is a once in a generation opportunity for voters to stop Brexit and build a brighter future.

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  • The Labour and Tory parties policy is to spend more of the reduced Brexit economy cake on populists polices. The Lib Dem policy seems to be if we don’t leave the cake will be bigger, true but you need to say what you will spend and how much extra. It is a reality Austerity has failed, people are sick to the back teeth of failing public services and declining living standards, if you are pushing that discredited line prepare to fail and fail badly.

    Look at Austerity as the Brexit of its age, many where in favour of it until they had to pay the cost of it. As soon as the cost came due the believers just didn’t believe anymore and now want an end to it.

  • John Marriott 7th Nov '19 - 9:42am

    No, strictly speaking, austerity has not ‘failed’, nor has it proved to be the complete answer to reducing the deficit. Just remember where we were in 2010. The decision by the coalition government to adopt this policy was accepted as one way; but not the only way, of tackling a problem that urgently needed to be addressed.

    As a member of a major local council during 2010 and 2013 I saw at first hand the dilemma even a Tory controlled authority faced in the light of diktats from Whitehall and, from 2013 to 2017, I was actually part of an administration that managed to keep essential services functioning in one way or another, despite the fact the central government grants, which used to account for two thirds of our spending, continued to be reduced to levels unheard of in modern times.

    What grieves me is that all that hard work has created a not insubstantial chest of money that could now easily be spent on bailing out farmers and manufacturers whilst attempting to soothe the areas worst affected if we crash out of the EU, rather than on restoring some of the services that were the victims of our self imposed austerity. Judging by the spending spree now being promised by the Tories and Labour, we can add debt repayment to the list on which that hard earned money would be needed to be spent.

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