Monday, 15 March 2010

Debt Reduction

Most of us know about debt, and the impact it has on us. And most of us would like to reduce our debt. The government has no choice. Whoever is in power after the election is going to have to make tough choices. We have already set out £15billion in cuts that we would start with, but crucially we would not cut this year, as we believe this will jeopardise the recovery. The Tories say they will give more detail after the budget, but have said they will cut now. Doing that risks sending the British economy into another deep recession. Listening to Vince Cable at the weekend, I am once again struck by the way he grasps the detail, but sees the bigger picture. The Tories have a shadow chancellor who seems to leave all the thinking to other people, and pops up with the soundbite. I know who I would trust with our economy.

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