Tag Archives: uk economy

10 March 2023 – today’s press releases

  • ONS: Economy still suffering consequences of Conservatives
  • BP boss pay doubles: Sunak must bring in bonus tax now
  • Lineker: Today is a reminder that we need a properly independent BBC
  • Lee Waters must apologise to Welsh nurses

ONS: Economy still suffering consequences of Conservatives

Responding to the latest ONS GDP figures from January 2023, Liberal Democrat Treasury Spokesperson Sarah Olney MP said:

These disappointing figures are yet another reminder that our economy is suffering under this Conservative Government, and people are feeling this under-performance in their own pockets.

The Conservative party has broken this country’s economy with record energy bills, rising food prices and soaring mortgage costs. Yet they are completely out of touch with people’s worries.

The Chancellor needs to take action in next week’s Budget by cutting people’s energy bills by £500, and putting in place a proper plan to get our economy growing fairly and sustainably.

BP boss pay doubles: Sunak must bring in bonus tax now

The Liberal Democrats have demanded that the government bring in a tax on the bonuses of oil and gas company bosses, following the news that the chief executive of BP’s pay doubled to £10m.

Posted in News and Press releases | Also tagged , , , , , , , and | 1 Comment

10 February 2023 – today’s press releases

  • Economic vandalism leaves Britain on the edge of recession
  • Lack of further energy bill support “heartless” – Davey
  • One in 20 waiting five minutes or more for 999 calls to be answered

Economic vandalism leaves Britain on the edge of recession

Responding to the latest ONS figures which see the UK economy narrowly avoiding recession, Liberal Democrat Treasury Spokesperson Sarah Olney MP said:

Britain is dangling on over the edge of a recession after months of economic vandalism and chaos in Government. The blame for these gloomy figures lies squarely with the Government, who have botched budgets, failed to tackle inflation and have no plan for growth.

The Conservative party hasn’t a shred of economic competence left. This Government has hiked taxes to record levels and done nothing to stimulate economic growth. Businesses are now drowning in mountains of red-tape because of failed trade deals which has stifled all hope of an economic recovery after the pandemic. Gross incompetence and mismanagement of the country’s finances has led to this point.

Posted in News | Also tagged , , , and | 7 Comments

31 January 2023 – today’s press releases

  • Suspend Raab, say Lib Dems
  • IMF forecast “damning verdict on Conservative Government”
  • Conservative Record on Businesses ‘in tatters’ as dam bursts on insolvency rates
  • Jane Dodds to Vote to Protect Welsh Farmers
  • Welsh Liberal Democrats Call for Negotiated Solution on Teachers’ Strikes

Suspend Raab, say Lib Dems

The Liberal Democrats have called on Deputy Prime Minister Dominic Raab to be suspended, following reports which have emerged alleging that at least 24 civil servants have complained about his conduct.

In November 2022, Rishi Sunak opened a formal investigation into Dominic Raab after formal complaints were made by officials about his conduct in the workplace. Now, reports have alleged that the number of complainants is potentially as many as 30 individuals.

Liberal Democrat Chief Whip Wendy Chamberlain has written to the Prime Minister, calling for Raab to be suspended for the duration of the investigation into his conduct, given the reported scale of complaints against him.

Liberal Democrat Chief Whip Wendy Chamberlain commented:

The reported scale of the allegations against Dominic Raab raises real questions for Rishi Sunak. Why hasn’t the Prime Minister suspended Raab yet, for the duration of this inquiry?

Rishi Sunak promised to govern with integrity but I’m afraid his track record so far is the opposite. Scandal after scandal continues to emerge about various members of the Cabinet, yet Sunak is incapable of doing the right thing and taking decisive action.

From Zahawi to Raab, from Braverman to Williamson, the British public are fed up with Conservative sleaze which sadly appears to have taken root at the very heart of government.

IMF forecast “damning verdict on Conservative Government”

Commenting on the new IMF forecast which shows the UK as the only major economy to shrink, Liberal Democrat Treasury Spokesperson Sarah Olney MP:

This is a damning verdict on the Conservative Government. High inflation, high-interest rates and high energy bills have left our country and hardworking families and pensioners suffering as a result.

While Number 10 lurches from one sleaze scandal to another people up and down the country are suffering from their incompetence and mismanagement. People deserve better than this Conservative shambles.

Posted in News and Press releases | Also tagged , , , , , , and | 9 Comments

How do we respond to the economic emergency?

Readers of the Daily Mail are still being told that the UK economy is in good shape, that there is room for tax cuts for the better off, and that the opportunities Brexit offers are beginning to benefit the country. Readers of the Financial Times, and of the business pages of the Times, are now being told a very different story: that we are in an economic emergency, with a collapse in exports to our largest – European – market, a continuing decline in the external value of the pound (which pushes up domestic inflation and makes UK companies cheaper bargains for foreign private equity to snap up), and the slowest rate of growth in the developed world.

Even without the impact of the Ukrainian conflict, our falling currency would be exerting inflationary pressures. Disruption of oil and gas flows, as well as global grain and fertiliser supplies has imposed additional inflationary pressures on everyone in Britain; and the longer the Ukraine-Russia conflict continues, the worse this disruption will get. Growing authoritarianism and antagonism towards ‘the West’ in China is further disrupting the global economy. The prospect is of zero economic growth in the coming year, a widening external trade imbalance, falling private investment and declining living standards. Yet Boris Johnson’s boosterish approach to political campaigning means that the government has downplayed the seriousness of our current situation, even as food banks report record demands for help and unions go on strike for pay increases to cope with rising costs.

Posted in Op-eds | 17 Comments
Advert



Recent Comments

  • Steve Trevethan
    OFSTED is part of the OBE/Outcome Based Education originally Introduced under President Clinton. It pretends that student based data is a true representation of...
  • Mel Borthwaite
    I’m afraid the heading led me to believe that I would read an answer to the question ‘why is health the theme for the launch of a local election campaign?...
  • Nonconformistradical
    @theakes "Maybe but there should still be an Appropriate Adult present." What about in a dire emergency if there simply isn't time go bring an Appropriate Adu...
  • Roland
    The shortage of GPs was predicted some years back and has the same root causes as the shortage of HGV drivers and other professions; namely, an aging workforce ...
  • Jenny Barnes
    From the government website: "To become a GP you'll need to complete: - a degree recognised by the General Medical Council which takes 5 years - a foundation...