Sleaford MP slams Labour's policies on economy at Prime Minister's Questions
SLEAFORD MP Stephen Phillips has stood up to slam Labour's policies on the economy.
At Prime Minister's Questions on Wednesday Mr Phillips said: "Britain is in a global race not just with our traditional competitor economies but with countries such as Brazil, Russia, India and China. Ahead of the Budget next week, will my right hon. Friend tell the House what assessment he has made of where we would be likely to finish in that race if we abandoned our deficit reduction programme and relied on some magical faraway tree of money, as the Opposition recommend?"
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Sleaford MP, Stephen Phillips.
The Prime Minister replied: "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."
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.
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" 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. This is a time of hardship for many people because of the mess we were left with, and Labour owe it to us all to apologise for the mess – which they have never done – and to come forward with a proper economic plan if, indeed, they have one."
3 Comments
by Pete67
Friday, March 15 2013, 10:04AM
“Might have been better if successive Governments hadn't sold or allowed to be sold almost all of our industries and utilities. What we had we now have to buy from abroad or if it's still made here all the profits go abroad rather than where they belong. All we have to rely on now are the taxes that the workers pay (if the company hasn't been asset stripped and moved abroad).”
by Bolshie
Thursday, March 14 2013, 8:52PM
“I think we'll still be feeling the toxic economic effects that are undeniably the Labour Government legacy for many years to come. Cameron here states that low interest rates are essential for homeowners and businesses; showing he has some idea there is a link from disposable income to economic recovery. Why then the VAT increase and a whole host of new taxes? It is clear to me that the key to closing the deficit and kick starting economic recovery is curbing government spending not collecting more money to waste. Culling the quango's would help, simplifying taxation so we can get rid of the huge industry that has sprung up to manage it would help, converting all the counties in the country to unitary authorities and dispensing with a whole tier of government would help, stopping the overseas aid would be a quick win..... Taking cash from the pockets of those that need to spend it to keep businesses running is never ever going to work. Watch this budget - tax reductions? Never. Efficiencies to raise cash by means other than via taxation? Never. 50p cut in fuel duty to halt inflation and give consumers confidence to spend whilst boosting businesses? Never.
Clueless the lot of them - when you elect boys to govern don't be surprised when they play games - and I've seen nothing to show UKIP will be any better!”
by XNY556
Thursday, March 14 2013, 3:37PM
“I don't vote Labour, but I am amazed how they can still be blamed by Steven Phillips for everything over two years after Cameron and Co. came to power?
Who is giving £11bn of our money away in Foreign Aid - whilst our own people have to attend food banks to survive - It is this government not Labour.
Our students have been landed with a massive burden of ever increasing fees, whilst the rich get tax cuts - Labour again????
I don't know how Steven can have the gall to pedal this rubbish in the press.
It is about time people saw through this lot and voted UKIP!!”