Sleaford MP Stephen Phillips criticises Labour economy policies ahead of budget
SLEAFORD MP Stephen Phillips has criticised Labour's policies on the economy.
Speaking ahead of the Budget, at Prime Minister's Questions on Wednesday, Mr Phillips asked how Britain would stand alongside other economies such as Brazil, Russia, India and China if the Government was to abandon its deficit reduction programme as the Opposition recommends.
-
MP Stephen Phillips
Responding, Prime Minister David Cameron, said: "My hon. and learned Friend makes an important point. One of the most important reasons for continuing to get our deficit down is that it is absolutely essential to have the low interest rates that are essential for home owners and for businesses.
"If we listened to the Labour party and abandoned those plans, we would have more spending, more borrowing and more debt - exactly the things that got us into this mess in the first place."
Business Cards From Only £10.95 Delivered www.myprint-247.co.uk
View detailsOur heavyweight cards have FREE UV silk coating, FREE next day delivery & VAT included. Choose from 1000's of pre-designed templates or upload your own artwork. Orders dispatched within 24hrs.
Terms: Visit our site for more products: Business Cards, Compliment Slips, Letterheads, Leaflets, Postcards, Posters & much more. All items are free next day delivery. www.myprint-247.co.uk
Contact: 01858 468192
Valid until: Sunday, May 26 2013
Commenting afterwards, Mr Phillips said: "Labour are clinging to a fantastical set of policies that rely on money that we simply don't have thanks to the financial mess this government inherited from them.
"Ed Miliband and Ed Balls are the architects of the crisis we now face and all they can suggest to try to get their hands on the keys to Downing Street are proposals that spend more and more without saying where this money will be coming from.
"It is totally irresponsible to claim that there is an alternative to reducing the deficit, and it's about time Labour acknowledged that and stopped making promises they can't keep."
Comments
by Pete67
Wednesday, March 20 2013, 10:43AM
“It's no good criticising the last, this or any future Government till we get our industries that we used to have big time. Foreign Countries now own more of Britain now than what the British do so eventually we will own less and less. Get our own industries back and we might just have a chance of making some money again.”