Tag Archives: vince cabe

Vince: Only Lib Dems offer strategy for growth and prosperity

Earlier, we brought you a flavour of Vince’s big pre-Budget speech.  Here is the speech in full:

As Leader of the Liberal Democrats, it is one of my responsibilities to give a serious Lib Dem analysis of the economics around the Budget, and to present an alternative.

I have recently been returned to Parliament from exile.

One of my regrets, however, is that the previous competition between the parties on economic competence no longer exists.

The likes of Gordon Brown, George Osborne, Ed Balls and Oliver Letwin were all serious players and thinkers even if I often disagreed with them.

Now, the economy – pivotal still to people’s lives – has been relegated to the margins of political debate.

The June election produced minimal discussion of economic policy.

The Conservatives didn’t produce any economic numbers in their manifesto.

Labour did, but as the IFS caustically pointed out at the time, there was a strong element of fantasy.

My Party did much better than our rivals at the hands of the IFS and serious commentators at the FT and The Economist but few noticed. And, now, economic debate is drowned out by the politics of Brexit and an unstable government.

Yet this is an unusually important and difficult budget.

The Chancellor has foresworn the use of a second budget, traditionally used to correct the mistakes in the first.

And the potential for a massive, if unquantifiable, economic shock from an unsatisfactory deal – or, even, ‘no deal’ is palpable.

Brexit hangs over the forecasts.

The environment of radical uncertainty is already spooking business investment and depressing growth, including the growth in government revenue.

I want, then, to set out some analysis of where we are and some ideas for where the Liberal Democrats think Britain could and should go.

Our focus is on freeing up capital spending to build the homes and infrastructure the country needs, on reviving the NHS with a targeted injection of cash, and on giving a leg up to young people with a learning account as they begin their working lives.

Posted in Op-eds | Also tagged and | 40 Comments
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Recent Comments

  • User AvatarEd Davey 3rd Jul - 8:32pm
    Excellent questions, and ones that deserve a full article in response rather than just something here in the comments. I hear you, and will submit...
  • User AvatarMichael Bukola 3rd Jul - 8:21pm
    Creating the first peacetime coalition government since the second world war will always be something to be proud of. It was unpopular because of austerity,...
  • User AvatarTony Greaves 3rd Jul - 8:01pm
    I am no fan of the Coalition, and more particularly of the failure of the top Liberal Democrats in the Government to cope with the...
  • User AvatarGeoffrey 3rd Jul - 7:55pm
    The word I would use is neither confusion, nor callousness. What this government has done through 'lock-down' is terrifying. Destroying the country for a virus...
  • User AvatarGeoffrey Payne 3rd Jul - 7:01pm
    I always say that Keynes did more for the working class than Marx ever did. This song about Lloyd George harks back to a time...
  • User AvatarLorenzo Cherin 3rd Jul - 7:00pm
    Terrific comments that are supportive and constructive. These are very much appreciated, I see several veterans of our party here , making valuable points. Catherine...