Tag Archives: Special Conference May 2010

In less than 26 minutes on Friday 23 September Liz Truss and Kwasi Kwarteng took an axe to what remains of the British Economy and the hopes and prospects of so many ordinary people, and totally destroyed the last vestiges that the Conservatives are the party of Economic competence. By the end of the day the pound had crashed over 4% in value (and is still falling) and the FTSE a further 2%, undermining the savings, pensions, and prospects of workers, the retired and the unemployed, be they Teachers, Doctors, Farmers, workers in industry or workers in entertainment. It affects them all.

However only a few days before, Federal Board and Federal Conference Committee decided to completely cancel Party Conference and put everything on hold until Spring Conference is held In York next March. While the decision that it would be seen to be inappropriate to hold conference during the period leading up to the Queen’s funeral was totally justified, it was totally misguided to think that the Lib Dems, as a party, should have no opportunity to say anything about the new prime minister and her deeply damaging new ideas for six months.

Every Lib Dem who met Liz Truss when she was, temporarily, a member of our party, seems to have quickly formed the view that she was a young lady with an eye for self-publicity and an extremely radical view on things – but it wasn’t a Liberal Democratic view, as she quickly found out as they began to question the reasoning behind her vision.

Everyone who works in Business knows that real growth and progress comes slowly, and need careful planning and sustained amounts of effort over years and sometimes decades.  The desire for a quick fix, a dash for growth based on throwing vast amounts of borrowed money at its supporters, underpinned by a total lack of understanding of simple economic realities is no substitute for hard work and effort.  Sacking a Permanent Secretary on Day One and calling the most outrageous gamble with our nation’s economy “A Fiscal Event” in order to avoid OBR scrutiny shows linguistic cunning that Vladimir Putin would be proud of.