Tag Archives: economic growth

22 September 2022 – today’s press releases

  • Fracking: Rural areas treated like guinea pigs
  • Interest rates: Homeowners being punished by Government failure to control inflation
  • Recession: Blame lies with Conservative MPs
  • NHS announcement an ‘A, B, C of failure’
  • Lib Dems table motion to cancel Parliament recess and scrutinise mini Budget
  • Kwarteng growth plan: Shocking admission of Conservative failure

Fracking: Rural areas treated like guinea pigs

Responding to the British Geological Survey’s Report on fracking, Liberal Democrat Environment Spokesperson Wera Hobhouse said:

The government’s own experts have refused to say fracking is safe. That they choose to plough on regardless shows a callous disregard for our communities and countryside. From Surrey to Somerset, the government are treating people in rural areas like guinea pigs.

The Conservatives obsession with fracking lays bare that they don’t actually think that Climate change is happening and are not willing to take the urgent action needed. They are delaying climate action at every corner. The mask has finally slipped and is revealing Liz Truss and Jacob Reece Mogg as climate change deniers. It is bizarre that this has become their priority, rather than renewables: the cheapest and most popular form of energy.

If people suffer polluted water and dangerous earthquakes, this decision will prove unforgivable.

Interest rates: Homeowners being punished by Government failure to control inflation

Responding to the Bank of England raising interest rates by 0.5%, Liberal Democrat Treasury spokesperson Sarah Olney MP said:

This a hammer blow to struggling homeowners who are being punished by the Government’s failure to control inflation. This monster rate rise could have been avoided if Conservative Ministers bothered to take action sooner on energy bills and the rising cost of living. Instead, the Bank of England is left with no choice but to hike mortgage costs for millions.

It is first time buyers I fear for the most, who have scrimped and saved for their first house. Tomorrow Liz Truss has to clean up the mess made by this Conservative Government and bailout families and pensioners who will suffer as a result of this mortgage hike. This should start with re-installing an Emergency Mortgage Support Fund which was cruelly scrapped by Conservative Ministers.

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Welsh Lib Dems launch Regeneration Plan for Mid Wales at Royal Welsh Show

The Welsh Liberal Democrats today used the first day of the Royal Welsh Show in Llanelwedd, Powys to outline their proposals for a Regeneration Plan for Mid Wales. The party argues that Mid Wales is all too often the forgotten region of Wales, and neglect by both the Conservatives in Westminster and Labour in the Senedd has contributed to a cycle of decline over the last few decades.

The proposals by the party focus on transforming the economy of the region to take advantage of the changing patterns of employment and economic models following COVID-19.

The plan has six main points:

  • Drastically improving connectivity, in both digital and physical infrastructure.
  • Expanding the Rural Fuel Duty cut to Mid Wales and doubling the discount.
  • Protecting access to physical banking, applying pressure on large banks to invest in bank hubs for rural communities.
  • Improving healthcare access in Mid Wales, advocating for more health services to be returned to local communities.
  • Introducing measures to help businesses in the region grow, including a town rejuvenation fund.
  • Tackling the housing crisis in Mid Wales.

Welsh Liberal Democrat Leader and Senedd Member for Mid & West Wales Jane Dodds said:

Mid Wales deserves to be an economic force in its own right, connecting North and South Wales, as well as Wales to the Midland, rather than the forgotten territory it has been allowed to have become by the Tories and Labour.

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8-9 October 2020 – yesterday and today’s press releases

  • Liberal Democrats: Government must grant EU citizens proof of settled status
  • Slow economic growth reinforces need for furlough extension
  • Edinburgh Woollen Mill Group at risk of collapse shows need for furlough extension
  • Liberal Democrats: Sunak’s offer does not go far enough

Liberal Democrats: Government must grant EU citizens proof of settled status

The Liberal Democrats are calling on the Government to grant EU citizens the automatic right to stay in the UK, with the physical proof they need, as new Home Office figures reveal thousands are being refused and 1.8 million have not been granted the right to stay permanently.

The latest EU Settlement Scheme statistics, which were published this morning, revealed 16,600 people have been refused Settled Status – including 5,700 in September alone. They also revealed that 1.6 million have only been granted temporary ‘Pre-Settled Status’ and 180,000 are still waiting for a decision.

On Monday, the House of Lords passed a Liberal Democrat amendment to the Government’s Immigration Bill which would require the Government to provide EU citizens with physical proof of their Settled Status. The party is urging Conservative MPs not to overturn that amendment when the Bill returns to the Commons.

Liberal Democrat Home Affairs Spokesperson Alistair Carmichael said:

EU citizens in the UK – our families and friends – have been living under a cloud of uncertainty for far too long. They must have the right to stay.

Boris Johnson and the Conservatives promised to automatically guarantee the rights of EU citizens to stay, but they have broken that promise, as they have with so many others.

This Government’s botched scheme is anything but automatic and, without physical proof of their rights, EU citizens will be at the mercy of the Conservatives’ Hostile Environment.

To prevent a new Windrush-style scandal, Liberal Democrats are fighting for EU citizens to be given the automatic right to stay in the UK, with the physical proof they need.

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13 January 2020 – today’s press releases

  • Treasury must act on rural ATM charges
  • UK facing worst slowdown since aftermath of financial crisis

Treasury must act on rural ATM charges

Jane Dodds has joined Kirsty Williams AM and Cllr James Gibson-Watt in calling for the UK Treasury to take action to abolish transaction charges at rural ATMs.

Transactional charges are becoming increasingly common across Wales as more and more banks cut back on support to ATM providers, meaning the running costs are being passed onto the customers. The ATM at Hay Post Office is the most recent local example of this, with customers now being charged 99p per transaction.

Jane Dodds, Leader …

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10 November 2019 – today’s press releases

  • Tories’ plans on health tourism enforcement unit is the latest example of dog-whistle politics
  • Lib Dems: GDP figures show economy is grinding to a halt under the Tories
  • Lib Dem launch poster urging Remainers to stop Boris Johnson
  • Lib Dems: Boris Johnson is lying on a bulldozer instead of in front of one
  • Lib Dems: Johnson attack on international aid will destroy our global credibility

Tories’ plans on health tourism enforcement unit is the latest example of dog-whistle politics

The Liberal Democrats have today branded the Tories pledge to double the budget of the ‘health tourism enforcement unit’ as dog-whistle politics.

The Conservative manifesto states that …

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11 November 2019 – yesterday’s press releases

  • Lib Dems: Gwynne’s comments reveal Labour’s hand on Brexit
  • British Steel takeover an ‘alarm bell’ for Tories’ Brexit Britain
  • Lib Dems: Brexit to blame for ‘anaemic’ economic growth
  • Davey: Conservatives and Brexit party are now one and the same
  • Lib Dems file proceedings at High Court for judicial review of ITV debate
  • ERG and Brexit Party talks show Farage is now pulling the strings

Lib Dems: Gwynne’s comments reveal Labour’s hand on Brexit

Responding to comments by Labour’s Campaign Coordinator, Andrew Gwynne, that Labour would seek to create “reciprocal agreements with the EU27 that allow British citizens to enjoy some of the freedoms that they will …

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7 November 2019 – today’s press releases

  • Lib Dems are the party of real change, not Labour
  • Davey: OBR pulling public finances forecast “smacks of political interference”
  • Unite to Remain agreement will deliver Remain MPs across England and Wales
  • Davey: Tories and Labour writing promises on cheques that will bounce
  • UK growth prospects suffer as a result of Tory Brexit chaos
  • Brake: Labour offers nothing to the millions of people who voted Remain

Lib Dems are the party of real change, not Labour

Ahead of Labour’s unveiling of the slogan ‘it’s time for real change’ on their campaign bus, Chuka Umunna, Liberal Democrat Shadow Secretary for Foreign Affairs, said:

Jeremy Corbyn’s claim to

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15 April 2019 – yesterday’s press releases

My apologies for the delay in getting these to you – a combination of jet lag caused by a five hour time difference and family stuff is complicating things…

Tories must enact wholescale reform to fix rental market

Responding to the news that landlords will lose the right to evict renters without a reason at the end of their fixed-term tenancy, Liberal Democrat Housing Spokesperson Tim Farron said:

The housing crisis has left many renters at the mercy of their landlords in an unfair and distorted rental market. Section 21 notices have allowed landlords to turf out tenants without reason, leaving many too

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11 February 2019 – today’s press releases (part 1)

A veritable floodtide of press releases today, so we’ll take them in two parts for ease of access…

  • Govt immigration white paper – an enormous red tape threat to UK businesses
  • Property guardians caught in poverty trap
  • Cable: GDP figures reveal the country is now fairly close to recession
  • PM and Corbyn plot to deliver disastrous Brexit together

Govt immigration white paper – an enormous red tape threat to UK businesses

Responding to a report by Global Future which shows the deep costs to our economy of the Government’s immigration white paper, Liberal Democrat Home Affairs spokesperson Ed Davey said:

Conservative immigration plans represent

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North Devon Council passes motion calling for Brexit symposium

There is increasing worry about the impact of Brexit on our local economies and the recognition that it is important to make plans for all eventualities.

Last night, the Lib Dems in Opposition on North Devon (District) Council put forward a motion to examine exactly that:

The impact of Brexit (hard or soft) will affect all North Devon residents. This Council believes that with Brexit fast approaching, it is both sensible and realistic that the potential risks and impact of Brexit on North Devon – good and bad, short term and long term – are fully understood as far as is possible and aired in public together with detailed discussion on how these impacts can be mitigated. To achieve this, this Council undertakes to organize and co-ordinate a public conference/symposium before Christmas in which North Devon’s experts and leaders in business, farming, tourism, education, health and social services and other areas are invited to participate, together with elected representatives at all levels. This council is uniquely placed to lead this initiative by immediately setting up a Cross Party Working Group. The findings and conclusions of the symposium would be presented as a report to full Council and other authorities. Furthermore we request that consideration be given to how this Council can assist businesses etc. before and during the transition period.

I am pleased to say that the motion passed, with support from some Conservatives and Independents who recognised the need for such a symposium.

Cllr David Worden, Leader of the Liberal Democrats on North Devon Council, spoke passionately for the motion:

Whenever we turn on the news or read the newspapers it appears that the headlines are all about Brexit. I don’t want to go into the pros and cons of whether we should or should not leave the EU but I am extremely concerned about the impact of Brexit on the economy of North Devon. We live in one of the most deprived areas of the South West. There are hardly any services which have not been hit by austerity cuts. We simply cannot sit back and let the disastrous No Deal scenario, which seems ever likely, to be upon us, unprepared.

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Vince Cable speech: break-up the big tech monopolies

In a speech in London this morning entitled ‘Taming the Tech Titans’, Liberal Democrat Leader Vince Cable has called for stronger international and domestic regulation of big tech companies. You can watch the speech here.

He has criticised the effective monopolies enjoyed by the likes of Google, Facebook, and Amazon, comparing their market dominance to that of big oil companies in the past, and suggests ways they can be broken up.

The speech also focussed on how start-ups and innovative small and medium-sized tech firms can thrive in a more competitive market.

The text released in advance of the speech has Vince arguing that

Data is the new oil. Data is the raw material which drives these firms and it is control of data which gives them an advantage over competitors. These companies have acquired their pivotal position by providing a service or platform through which data can be extracted, collected and used.

Just as Standard Oil once cornered 85% of the refined oil market, today Google drives 89% of internet search, 95% of young adults on the internet use a Facebook product, Amazon accounts for 75% of E-book sales, while Google and Apple combined provide 99% of mobile operating systems. “

National government and, even more so, supranational bodies like the EU can and should look to break up enterprises where size is detrimental to the economic wellbeing of the country, its citizens and its capacity for innovation.

There is a case for splitting Amazon into three separate businesses – one offering cloud computing, one acting as a general retailer and one offering a third-party marketplace. Other examples would be Facebook being forced to divest itself of Instagram and WhatsApp as a condition for operating in the EU, creating two new social media networks. Divesting Google of YouTube would be another.

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Why liberals should embrace the Steady State Economy

One of the saddest things about the lurch to extremism and the right wing of the political spectrum over the past few years—and especially these last few months—has been that attention has been taken away from the significant problems with capitalism and its reliance on continued growth that the 2008 crash had exposed.

The Classical Economists, in particular Adam Smith and John Stuart Mill, had already theorised centuries ago that growth could not go on forever and that eventually states would enter the condition of being a “stationary state”.  John Stuart Mill wrote that the “increase of wealth is not boundless….the …

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GDP above pre-crash level; strongest growth in G7

Today’s figures from the Office for National Statistics show growth of 0.8% in the second quarter of 2014, bringing UK GDP above the level it was before the 2008 crash.

With GDP 3.1% higher than a year earlier, the UK has the fastest growing economy in the G7.

Cheif Secretary to the Treasury, Danny Alexander comments

Today we are passing a major milestone on the long road back to full recovery. There is still a long way to go but Britain has recovered the economic ground lost under Labour and is forging ahead.

The main reason that we stepped forward to

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Opinion: Sustainability, where do we go from here?

Economy-in-the-UKOur party is not addressing continued economic growth. Our leaders talk about growth solving our problems and recovering pre 2008 living standards, rather than about creating prosperity without growth. Growth through conspicuous consumption is still being sold as the road to recovery.

There are three real stumbling blocks:

  1. High living standards and rising prosperity extolled by almost all parties are only possible by expropriating the living standards of the world’s poorest.
  2. We depend heavily on the rest of the world, especially developing countries, for food and are still reducing farmland in the UK.
  3. Our energy supplies depend on unstable regimes in the Middle East and Russia and we have not begun to address self sufficiency in basic energy.
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Jonathan Portes writes: If you want to get serious about growth, you need to be positive about migration

On Monday, I did seven interviews on David Cameron’s immigration speech. Each time I’ve tried to get across one simple fact: that all the available evidence suggests that immigrants – and immigrants from the new EU member states, in particular – more than pay their way. That is, that they pay more in taxes than they cost in benefits and services; overall, from being a burden, they make it easier to finance our welfare state not harder.

It is that basic fact that all three party leaders should be explaining to their constituents. Instead, they seem to be engaged …

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Opinion: George Osborne doesn’t get it… again

This should have been a budget for growth, helping the UK economy to recover from the deepest and longest depression on record. George Osborne’s announcements on childcare, investment in industrial research and of course raising the personal income tax allowance to £10,000 are welcome steps in the right direction. They are all are clear examples of Liberal Democrat influence in the Coalition, not least the flagship move on the tax threshold. These measures, however, don’t go nearly far enough to support businesses starved of credit or households facing escalating living costs and squeezed incomes – where was …

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“Banzai! Banzai! Banzai!”*

Enough is enough. In the face of soaring national debt, the Liberal Democrat leader has this week called for the Central Bank to be made less independent to pave the way for more aggressive and unlimited monetary easing, a dramatic relaxation of the inflation target accompanied by a major public works programme and a supplementary budget.

Great news! The tragedy is that the Liberal Democrat leader in question is not Nick Clegg speaking on the eve of the Autumn Spending statement, but Shinzo Abe, Leader of the Japanese Liberal Democrats, launching his general election campaign which he is tipped to win. And the reaction of those dreaded markets? Positive – rising 4-5% as other world

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Opinion: ‘Economic growth you can believe in’ – towards The British Growth Model.

Economic growth still eludes the Coalition. The development of a convincing analysis and programme for (fiscally sustainable) growth is essential for the second half of the Coalition’s life up to 2015. The Lib Dems must take a lead role in developing it.

Before the economic crisis started in 2007 the signs of ‘systemic financial sector failure’ were all around us. Few spotted them, however. Several simplistic economic tenets have since been jettisoned, as politicians have learned about the economic concept of ‘systemic financial failure’.

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Opinion: Lib Dems must avoid “all growth is good” fallacy

Every politician who remains in the public mind, after their term in office has ended, becomes associated, in time, with a particular sound bite or phrase.

John Major will forever be associated with “back to basics”. Tony Blair with “pretty straight kind of guy” and Gordon Brown with “abolishing boom and bust”.

At this stage, David Cameron is probably hoping that “hug a hoodie” is the phrase with which he becomes …

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Opinion: You can’t have ‘growth’ without ‘austerity’

Amid the current maelstrom of gossip, speculation and forecasting concerning the British economy, a number of myths have developed.

Principal among them is that the coalition’s economic plans for this parliament contained ‘only’ cuts, with no concern for achieving growth.

The issue of whether fiscal consolidation itself can be a driver of growth is one I aim to address further below, but first I want to debunk that myth.

The economic plans, outlined by the coalition in 2010, made clear that the first half of the parliament would contain the bulk of the …

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Opinion: Vince for No.11 – for growth and investment

Coming after several weeks of self-inflicted damage, the news that the UK economy has gone back into recession risks further undermining public confidence in the Government’s ability to deal with the problems the country faces.

Nick Clegg says the principles of the coalition’s economic strategy remain sound – repairing the public finances, reforming the financial system and rebalancing the economy – and I agree. The problem is that we are only making progress on the first one of these …

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Andrew George MP writes: Liberal Democrats are champions of green economy

Yesterday Nick Clegg set out the Government’s agenda on energy efficiency and the role of a green economy in delivering growth. Important announcements on energy efficiency, tackling fuel poverty and helping consumers find the best tariffs all caught the media’s attention. But for me the real story is that the Liberal Democrats remain the champions of plans to build a green economy.

Nick was right to attack those who say that there is a zero sum game between economic growth and protecting the environment. As the Liberal Democrats have argued for decades, it isn’t about choosing – the two go …

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