The Voice

Vince on 0.2% growth: “the promised recovery is barely visible”

By | Fri 23rd April 2010 - 9:15 pm

It’s official: the UK economy has enjoyed a second quarter of growth, as the BBC reports:

The UK economy continued to recover from recession in the first three months of the year, according to official estimates. GDP grew by 0.2% between January and March, the Office for National Statistics (ONS) said.

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

These figures show that the promised recovery is barely visible. There is a real danger of the UK going into a double dip recession. As people deal with their own debts and as the banks continue to strangle good British businesses by starving them of credit the recovery will remain fragile.

“The British economy has had a massive heart attack – it has just emerged from the intensive care unit into the recovery ward. The worst possible action is the Tory proposal to pull out the drip-feed when the patient is still in a critical condition.

“Not only must we tackle the deficit in a considered and rational fashion, we must also ensure that we support jobs and infrastructure as well as making sure businesses get the credit they need to drive growth in the economy.”

And on video:

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

  • David Raw
    @ Daniel Walker Has the party costed the amount for changing to the arrangement you describe, Daniel, and what amount does it come to ? For my part I wo...
  • David Raw
    Mick Taylor is correct, and I well remember the late Dr Michael Winstanley (the then Liberal MP for Cheadle) giving the Minister, David Ennals, a torrid time in...
  • Kira Collins
    @Daniel Walker Thank you for that information. I did not know that our position was that laws for the whole of England should be made by an indirectly elected ...
  • Kira Collins
    @Richard Flowers “Sex assigned at birth” just means a doctor looked and gave an answer. Possibly a well informed answer by a trained professional. But it�...
  • Andrew Tampion
    "calls for the regions of England to have similar powers to Scotland, except for a few all-England areas of law which would be decided on by an English Chamber ...