“Colourful and lurid fiction” and “hysterical over-reaction”: that’s how Treasury Minister Angela Eagle described Liberal Democrat warnings about the economy exactly a year ago today. A Lib Dem Opposition Day Motion had warned of an extreme bubble in the housing market and mass repossessions, but was dismissed by the Government as “scaremongering.” Eagle even compared it to a storyboard for “Apocalypse Now.”
Then, as now, Jeremy Browne, Liberal Democrat Shadow Chief Secretary to the Treasury, spoke of the Liberal Democrats’ economic foresight. You can watch yesterday’s question time with Jeremy Browne on moneysupermarket.com in which he talks about the G20, regulating the UK’s financial institutions, his views on low interest rates, encouraging savers, the housing market, VAT reduction and more.
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