Steve Beasant

Liberal Democrat Prospective Parliamentary Candidate for Great Grimsby and Councillor for the East Marsh Learn more

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Vince Cable’s response to the Spring Statement

by Steve Beasant on 13 March, 2018

Read Vince Cable‘s response to the Chancellor’s “Spring Statement”

The following article was written by Vince Cable and published today on the Lib Dem Website.

Vince Cable

The Spring Statement was a non-event.

The OECD gave us the clearer picture – that the economy is bumping along the bottom of the G20, well behind the likes of Australia, Canada and the Euro area.

The OBR’s fresh forecasts are still a long way behind the figures estimated in March 2016 before the EU referendum.

It is time the government was honest with the public: there will need to be tax increases to pay for the NHS and social care, police and schools.

This is why the Liberal Democrats have advocated a penny in the pound income tax increase for health and care and why we must scrap cuts in Capital Gains Tax and Inheritance Tax introduced since 2015.

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