Tag Archives: government borrowing

Mark Valladares

22 May 2025 – today’s press releases

By Mark Valladares | Thu 22nd May 2025 - 11:35 pm
  • Government borrowing figures: “warning lights must be flashing in the Treasury” – Lib Dems
  • Government back Lib Dem campaigns protecting victims of domestic abuse and sexual offence
  • Teachers’ pay award: Government “building castles in the sky” if they think schools can fund rise
  • First Minister misses two-year NHS waiting times target

Government borrowing figures: “warning lights must be flashing in the Treasury” – Lib Dems

Responding to the latest figures showing that Government borrowing in April was at its fourth-highest since records began, Liberal Democrat Treasury Spokesperson Daisy Cooper said:

The warning lights must be flashing in the Treasury this morning.

Rachel Reeves has failed to get a grip on the mess left by the Conservatives, making a series of blunders whilst avoiding taking the bold action that would set us on the right path.

It is time for the Labour government to change course. The first steps must be scrapping the damaging jobs tax, reforming business rates and being much more ambitious in negotiations with the EU, pushing for a customs union that would create the growth we desperately need to rebuild public services and protect family finances. Short-sighted red lines will only doom Rachel to failure.

Government back Lib Dem campaigns protecting victims of domestic abuse and sexual offence

Today, the Government has agreed to act on two Lib Dem campaign priorities as part of their response to the Gauke Review.

In response to Liberal Democrat Justice Spokesperson Josh Babarinde’s campaign to formally recognise domestic abuse crimes in the law, the Government has announced it will create a specific, new categorisation that will enable judges to officially register offences as crimes of domestic abuse.

This would enable the Government to finally be able to exclude domestic abusers from its SDS40 early release scheme – which has so far allowed many domestic abusers to leave prison early in the absence of such a categorisation – putting victims at risk.

It will also mean the Government will now be able to track the number and reoffending rate of domestic abusers offenders. Josh Babarinde uncovered via a Written Parliamentary Question that currently, in the absence of a categorisation, the Government doesn’t know how many domestic abusers are in prison.

Sarah Olney’s longstanding campaign to enable victims of rape and sexual offences to request a transcript of sentencing remarks free of charge has also been included in the Government’s review.

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Mark Valladares

22 January 2025 – today’s press releases

By Mark Valladares | Wed 22nd January 2025 - 11:30 pm
  • Borrowing figures: Another sign the Chancellor’s Budget has not worked
  • OBR Report: Farm tax will penalise farmers for practically no benefit
  • Cole-Hamilton: SNP must scrap social care power grab now
  • OBR Report: Farm tax will penalise Welsh farmers for practically no benefit
  • OBR Report: Farm tax will penalise farmers and crofters for little benefit to Exchequer
  • Cross-border healthcare difficulties letting patients down

Borrowing figures: Another sign the Chancellor’s Budget has not worked

Responding to figures from the Office for National Statistics (ONS) showing UK borrowing has hit its highest December level for four years, Liberal Democrat Treasury Spokesperson, Daisy Cooper MP said:

This is yet another sign that the Chancellor’s Budget has not worked. It’s now putting people’s mortgages at risk and will make it even harder for the Chancellor to meet her borrowing rules.

The answer to this is to turbo-charge growth by scrapping the jobs tax, and raising the necessary revenue for our NHS from the big banks and tech companies instead.

After the Conservative Party’s disastrous legacy of economic vandalism, the Chancellor needs to go for growth through fairer tax measures that can unleash growth through small businesses, not undermine it.

OBR Report: Farm tax will penalise farmers for practically no benefit

Commenting on the latest OBR report on the impact of agricultural and business property relief, Liberal Democrat Environment and Rural Affairs spokesperson Tim Farron MP said:

This report confirms that the Government’s misguided family farm tax is mired in problems and will penalise British farmers for practically no benefit.

It is deeply concerning that older farmers will be hit hardest from this tax, with the rug pulled from under them before they can change their plans. And with tax revenue expected to be highly uncertain and unstable for two decades, the Chancellor’s excuses simply don’t stack up.

Farmers are absolutely vital for Britain, putting food on our tables and protecting the British countryside. And they are already battling botched trade deals, declining incomes and high energy prices. The Government must do the right thing and scrap the family farm tax before it’s too late.

Cole-Hamilton: SNP must scrap social care power grab now

Speaking ahead of the ministerial statement on the future of the National Care Service, proposals which would centralise social care services and wrench away control from local communities, Scottish Liberal Democrat leader Alex Cole-Hamilton MSP said:

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Mark Valladares

22 October 2024 – today’s press releases

By Mark Valladares | Tue 22nd October 2024 - 10:30 pm
  • Borrowing and debt figures: Burden must not fall on hard working households
  • Water Commission: More urgency needed to reform industry
  • Over one million 12 hour A&E waits this year as Lib Dems call on Chancellor to “winterproof” the NHS at the Budget
  • Braverman: Conservative leadership candidates must rule out shadow cabinet role
  • Jardine Introduces Bill to Improve Support for Bereaved Children
  • Cole-Hamilton: A&E in crisis as winter looms

Borrowing and debt figures: Burden must not fall on hard working households

Commenting on the latest figures on the public sector’s level of borrowing and debt, Liberal Democrat Treasury Spokesperson Daisy Cooper MP said:

Today’s figures highlight the difficult position of our public finances after years of mismanagement under the previous Conservative Government – but this can’t be an excuse for the Chancellor to make the wrong decisions at the Budget.

We need to see urgent investment in our NHS and public services which have been reduced to their knees and bold action to fix our crumbling schools and hospitals.

The burden of fixing the Conservatives’ mess mustn’t fall on hard working households, but on the big banks, social media companies and oil and gas giants that can afford to pay a small amount of their soaring profits to get our public services back on their feet.

Water Commission: More urgency needed to reform industry

Responding to the government announcing a new Independent Water Commission, Liberal Democrat Environment spokesperson Tim Farron MP said:

Far more urgency is needed from the government on tackling the disgraced water industry, which has been allowed to get away with endless environmental scandals for too long.

Even before this Commission begins, the government should be getting on with introducing a new regulator with real teeth and power to get hold of these profiteering firms.

Whilst a review of the industry is welcome, it should not be used as a tool to kick the can down the road on immediate reforms.

Sadly, the government’s approach is still a job half done. It is time to put an end to profit before the environment in the water industry, and an end to this national scandal.

Over one million 12 hour A&E waits this year as Lib Dems call on Chancellor to “winterproof” the NHS at the Budget

  • NHS braced for another winter crisis as figures reveal a 20% rise in 12 hour A&E waits so far this year
  • Worst hit areas have seen a six-fold increase in 12 hour A&E waits compared to last year
  • Lib Dems warn this is a “life or death” issue and call on government to announce new ring-fenced fund in the Budget to end winter crises in the health service

Over one million patients have faced waits of 12 hours or more in A&E in England so far this year, up a fifth compared to the same period last year, new data uncovered by the Liberal Democrats has revealed.

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Mark Valladares

23 May 2023 – today’s press releases

By Mark Valladares | Tue 23rd May 2023 - 9:30 pm
  • Debt Figures: Proof of more Govt economic mismanagement
  • Raab must stand down now and trigger by-election
  • Braverman: Sunak’s endless dither and delay must end now
  • Dentist Numbers: Sunak must correct the record

Debt Figures: Proof of more Govt economic mismanagement

Responding to the latest debt figures which show the UK borrowed more than expected last month, Liberal Democrat Treasury Spokesperson Sarah Olney MP said:

These figures continue to show the mess caused by the Conservative Government’s economic mismanagement. The British taxpayer is still feeling the hit from Liz Truss’ disastrous mini-budget.

It is frankly shocking that the Government has still not put people first by putting a proper windfall tax in place and reversing its unfair tax cuts for the big banks.

It is safe to say that the Conservatives can never be trusted to run our country’s economy ever again.

Raab must stand down now and trigger by-election

The Liberal Democrats have called on Dominic Raab to stand down now and trigger a by-election, warning that the people of Esher and Walton deserve better than a “bully MP who has thrown in the towel.”

It comes after the Liberal Democrats overtook the Conservatives to become the largest party on Raab’s local Elmbridge Council at the local elections on 5 May, gaining six councillors.

The Liberal Democrats topped the poll in the Esher and Walton constituency at the local elections, gaining 41% of the vote compared to 31% for the Conservative Party.

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Mark Valladares

25 April 2023 – today’s press releases

By Mark Valladares | Tue 25th April 2023 - 11:30 pm
  • ONS debt stats: Voters will never forgive the Conservatives for their economic vandalism
  • Government announces refusal to make misogyny a hate crime
  • Sewage vote: Scandalous that Conservative MPs have blocked the Sewage Discharge Bill

ONS debt stats: Voters will never forgive the Conservatives for their economic vandalism

Responding to new ONS debt statistics which show net borrowing the 4th highest since records began, Liberal Democrat Treasury Spokesperson Sarah Olney MP said:

The Government’s shambolic mismanagement added billions to the UK’s borrowing whilst leaving our economy growing at a snail’s pace. Voters will never forgive the Conservative party for the economic vandalism of the

…

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Mark Valladares

21 March 2023 – today’s press releases

By Mark Valladares | Tue 21st March 2023 - 10:30 pm

High borrowing: Govt blew a hole in our public finances

Responding to the latest ONS statistics which show public sector net borrowing at the highest February total since records began, Liberal Democrat Treasury Spokesperson Sarah Olney MP said:

This Conservative Government blew a hole in our public finances and made hard-working families pay for it through unfair tax rises, higher mortgage bills and soaring inflation.

The Chancellor could have taken action in last week’s Budget to put our economy on the right track, but instead we saw a total lack of ambition and no economic plan.

Instead of

…

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Mark Valladares

24 January 2023 – today’s press releases

By Mark Valladares | Tue 24th January 2023 - 10:35 pm
  • Borrowing Figures: The Govt have no economic competence left
  • Stockport becomes first council to launch a sewage inquiry amid public outrage
  • Mark Drakeford Challenged on Abysmal Ambulance Waiting Times

Borrowing Figures: The Govt have no economic competence left

Responding to the latest borrowing figures, Liberal Democrat Treasury Spokesperson Sarah Olney MP said:

A toxic combination of Conservative incompetence and reckless decision making at the top of Government have blown a hole in the country’s finances, and now ministers are making British families pay for it.

A long-list of Conservative Chancellors have hiked taxes, added hundreds of pounds a month to mortgages and left the country with unnecessarily high borrowing costs. The British public will never trust the Conservative party again with the economy. This Conservative Government doesn’t have a shred of economic competence left after months of chaos.

Stockport becomes first council to launch a sewage inquiry amid public outrage

  • Water company hauled in front of public meeting to defend thousands of hours worth of sewage discharges into rivers
  • The Environment Agency confirms in written evidence that water quality is “poor” and the Water Industry “is responsible”
  • Chair of the new inquiry Cllr Smart slams “a national scandal which pollutes our rivers and puts animals lives at risk”

Liberal Democrat run Stockport Council has become the first council in the country to launch an official Sewage Inquiry.

There is widespread outrage across Stockport after United Utilities dumped sewage into the river Mersey a staggering 977 times last year, lasting 3,271 hours. Across Stockport, the water firm discharged 13,372 hours of sewage discharges into local rivers.

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News Meerkat

Borrowing figures: The Government have no economic competence left

By News Meerkat | Tue 24th January 2023 - 10:45 am


Embed from Getty Images

The Office for National Statistics has announced that “Public sector borrowing in December 2022 was £27.4 billion, the highest December figure since monthly records began in January 1993”.

Responding to the new, Liberal Democrat Treasury Spokesperson Sarah Olney MP said:

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Mark Valladares

22 November 2022 – today’s press releases

By Mark Valladares | Tue 22nd November 2022 - 10:35 pm
  • Debt figures: Conservative Chancellors have blown black hole in Britain’s finances
  • Welsh Liberal Democrats to Vote to Withhold Legislative Consent on the Northern Ireland Protocol Bill
  • OECD forecast: Damning verdict of the Government’s economic record
  • Sewage: Budget means almost £500 million less to tackle the sewage crisis
  • Levelling Up Bill: Conservative chaos to blame for cancellation of vote

Debt figures: Conservative Chancellors have blown black hole in Britain’s finances

Responding to new ONS figures showing the scale of UK government borrowing in October, Liberal Democrat Treasury spokesperson Sarah Olney said:

These figures reveal just how badly the long list of Conservative Chancellors have trashed our economy. This Government has blown a massive black hole in Britain’s finances and is now expecting hardworking families to pick up the bill.

It is a national scandal that big banks are getting massive tax cuts whilst the squeezed-middle gets clobbered with endless tax rises.

The sensible way to solve this is surely to tax the richest companies making bumper profits. We can’t trust this Conservative Government to clean up their own mess. They should never be trusted to run our country’s economy.

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Mark Valladares

21 July 2020 – today’s press releases

By Mark Valladares | Tue 21st July 2020 - 10:30 pm
  • Pay rises without cash mean more cuts to schools and the police – Davey
  • Government must be clear higher debt won’t mean cuts to vital public services
  • Delyn MP must end ‘saga of scandals’
  • PM must announce a full investigation into potential Russian interference of our democracy
  • Braverman must apologise for endorsing Cummings

Pay rises without cash mean more cuts to schools and the police – Davey

Responding to reports that nearly 900,000 public sector workers will receive a pay rise out of existing departmental budgets, Liberal Democrat Acting Leader Ed Davey said:

Accepting the independent review body’s pay recommendations was the very least the Chancellor could do. Yet, as overall budgets remain unchanged, the reality is our schools, police and wider public services will struggle to meet this award without significant cuts elsewhere in their budgets, including redundancies.

And utterly failing to recognise the outstanding effort of social care staff during the COVID-19 crisis is simply not acceptable. Councils and the wider care sector must be properly funded.

Since the early days of this pandemic, Liberal Democrats have been the first to argue for a better deal for NHS and care staff, yet Ministers seem to think that warm words and hand claps are sufficient. Boris Johnson should be ashamed for neglecting NHS and care staff again.

Government must be clear higher debt won’t mean cuts to vital public services

Responding to ONS statistics showing that Government borrowing for June was £35.5 billion – around five times more than the same month last year – Acting Leader of the Liberal Democrats Ed Davey said:

In an unprecedented economic challenge like the coronavirus pandemic people must come before the numbers. Any Chancellor should go beyond normal borrowing to help protect peoples’ health and livelihoods.

What the Government must now make clear is that, after Covid, higher debt will not and must not mean cuts to vital public services or less investment for our crumbling infrastructure – especially in the parts of the UK that need it most.

Liberal Democrats stand firm that we must grow our way out of this crisis with a Green Recovery Plan that will invest billions to transform our economy, fight climate change and create millions of good-quality jobs.

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Mark Valladares

Daily View 2×2: 21 May 2020

By Mark Valladares | Thu 21st May 2020 - 7:30 am

2 big stories

One of the interesting aspects of the Coronavirus crisis is how government, and in particular the Civil Service, has coped with the disruption and the demands placed upon it. At the centre of that is HM Revenue & Customs, who have, from a standing start, have processed one million applications under the Job Retention Scheme, protecting approximately 7.5 million jobs, and more than two million applications under the Self-Employed Income Support Scheme, with well north of £10 billion claimed. And all that with the majority of their staff working from home.

Its American counterpart, the Internal Revenue Service, is …

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George Potter

Opinion: Why aren’t we borrowing more?

By George Potter | Tue 27th August 2013 - 1:39 pm

At the moment the yield on the UK’s five year government gilts is 1.65%. What this means in plain English is that if our government wanted to borrow £1,000 it would have to pay back £1,083 in five years.

In contrast, if you or I or a business went to the bank and ask to borrow the same amount for five years we’d be looking at paying back well over £1,500 by the end of the loan.

What this tells us is that our government can borrow money very, very cheaply. It can borrow it at less than the rate of …

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