Tag Archives: spending review 2013

Opinion: Spend on innovation to drive economic growth

At a time when we are seeing some of the biggest government cuts in a generation it may seem to belittle the suffering people are facing to complain about the effect of the spending review on the science budget. As the government is trying to reduce our debt to income ratio, they have cut the deficit but we also need to create long-term sustainable economic growth. For this to happen investment in science and innovation is key. Our spending on research and development is vital to drive forward economic growth and reverse the current stagnation we see in our economy.

In …

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Party groups respond to the Spending Round

Here’s your usual round-up of comments from Lib Dem party groups following yesterday’s spending round announcements.

Both Liberal Reform and the Social Liberal Forum issued press releases. Here’s what the SLF said:

Danny Alexander MP will tomorrow announce details of capital spending plans, a result of hard-fought negotiations led by Vince Cable and others. The Social Liberal Forumm recognises that further cuts to current spending in the Chancellor’s Spending Review today are unlikely to repair public finances in the absence of robust economic recovery. Today’s announcements are insufficient to tackle our real economic challenges following the banking crisis and the alarming collapse

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Vince vs Danny and Osborne?

From the Observer:

Vince Cable is refusing to accept deep cuts to his departmental budget without a guarantee of billions in funding for job-creating capital projects, as arguments over this week’s spending review reached a new pitch.

With just three days before George Osborne is due to announce £11.5bn of cuts for 2015-16, the business secretary was said to be in no mood to back down in a dispute he regards as crucial to the government’s economic credibility.

Cable is arguing, in talks with Treasury ministers and officials, that the coalition must have “a strong story to

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The 2013 spending review: the Lib Dem problem is at least as big as Labour’s

Piles of money. Photo credit: czbalazs - http://www.sxc.hu/photo/1236662Last Friday’s Independent splashed on the story, Exclusive: Labour bets the house with pledge to outspend Tories.

The story itself is disputed: Ed Balls rushed on the radio to rebut it: “Is it the policy of Ed Miliband and me Ed Balls that we will decide now to bet the house with a pledge to outspend the Tories? No, that is not our policy, that is not our position.” (Note to Ed Balls’ handlers: speaking of yourself in the third person is …

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