Vince on 0.1% growth: “We are not out of the woods yet”

So, it’s official: the UK has at last emerged from the most sever recession in 90 years … just. Figures released today show the economy grew by 0.1% in the last three months of 2009, lower than many analysts had predicted, says the BBC.

Here’s what Lib Dem shadow chancellor Vince Cable had to say:

The markets will be surprised that growth has been markedly slower than expected. Far from the quick recovery the Chancellor has been praying for, the economy is only just staggering back into growth.
 
“The British economy has had the economic equivalent of a heart attack and is still very weak. With both the construction and banking sectors in trouble, we are not out of the woods yet.
 
“The economy remains dependent on artificial money creation and a Government running a massive deficit, but with growth of just 0.1%, Tory proposals to immediately slash government spending would be disastrous.
 
“Our economy is too reliant on consumer spending and debt and a failing financial services industry. A lasting and sustainable recovery can only be achieved if we correct these fundamental imbalances.”

Read more by or more about or .
This entry was posted in News.
Advert

Post a Comment

Lib Dem Voice welcomes comments from everyone but we ask you to be polite, to be on topic and to be who you say you are. You can read our comments policy in full here. Please respect it and all readers of the site.

To have your photo next to your comment please signup your email address with Gravatar.

Your email is never published. Required fields are marked *

*
*
Please complete the name of this site, Liberal Democrat ...?

Advert



Recent Comments

  • kay kirkham
    Suzanne - Elaine or Colin Banton?...
  • Jeff
    David LG 19th Apr '24 - 5:18pm: …right now the top rate of capital gains and dividend tax are significantly lower than the higher rate of income ta...
  • Jeff
    Katharine Pindar 19th Apr '24 - 7:53pm: Poverty and bad insecure housing for families breed ill-health, both physical and mental. How would th...
  • David Blake
    John Wyatt, who contested Bridgwater in 1974, later joined the Conservatives and I believe he became the Conservative leader of the council in Weston-super-Mare...
  • Katharine Pindar
    P.S.on the 'sick-note culture' question. Daisy Cooper MP, our Deputy Leader, has just been on the Any Questions Radio 4 programme. Asked about the position wit...