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GDP: Reeves’s plan for growth leaves “economy on life support”
Responding to GDP shrinking by 0.1% in January, Liberal Democrat Treasury spokesperson Daisy Cooper MP said:
The Chancellor’s wretched Budget has left our economy on life support so the Spring Statement must deliver a much needed shot in the arm.
Just as the Chancellor’s jobs tax is set to hammer small businesses and plunge high streets into despair, the Government’s refusal to negotiate a bespoke UK-EU Customs Union to unleash economic growth is baffling.
At the Statement, the Chancellor must admit that her Budget has failed to reverse the years of Conservative economic vandalism and put forward a new plan that unleashes the growth potential of small businesses up and down the land.
Scottish Government refusing to say whether Gupta firms in breach of legal agreements
Scottish Liberal Democrat economy spokesperson Willie Rennie has today piled pressure on the Scottish Government after a minister repeatedly refused to say whether recipients of millions of pounds of taxpayer-backed guarantees who have repeatedly failed to file accounts were in breach of their deals with the government.
It was revealed in October that the CEO of Liberty House Group, Sanjeev Gupta is currently facing prosecution over his alleged failure to file accounts for more than 70 companies. This follows years of media reporting that accounts for both the Dalzell steelworks – acquired by Mr Gupta from Tata Steel in a controversial back-to-back deal facilitated by the Scottish Government – and for the Lochaber aluminium plant – also owned by Mr Gupta and owing £7m in loans to Scottish taxpayers – have gone unfiled.