My response to the Spring Statement

Read Vince Cable's response to the Chancellor's "Spring Statement"

By Vince Cable, Mar 13, 2018 2:03

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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