Liberal Democrats in Business

News and views from the Lib Dem Treasury, Trade and Industry Teams and the Liberal Democrat Business Forum

ONS FIGURES HIGHLIGHT BROWN'S MISMANAGEMENT - CABLE

11.23.00am BST (GMT +0100) Thu 20th Jul 2006

Responding to the latest release on public finances published today by the Office of National Statistics (ONS), Liberal Democrat Shadow Chancellor, Vince Cable MP said:

"The extent to which Gordon Brown is mismanaging the public finances is becoming increasingly apparent.

"These estimates, while notoriously erratic, do not bode well for the Chancellor's own prediction of a budget deficit of £7bn in 2006-07."

Commenting on a forthcoming ONS release, to be published on September 20th, which will include revisions to public sector debt figures, Mr Cable said:

"These revisions are likely to further deteriorate the position of the Government finances, underlining the need for an honest and transparent system for assessing fiscal objectives."

[Print this news story]
[Previous news story]: EFFICIENCY SAVINGS DIFFICULT WITH TREASURY MICROMANAGEMENT - CABLE (Thu 20th Jul 2006).
[Next news story]: GOVERNMENT ACTION NEEDED OVER INCREASING FOOD MILES - HUHNE (Thu 20th Jul 2006).

Related News Stories:

Wed 18th Apr 2007:

[Brown's economic picture starting to fade - Cable]

Tue 12th Sep 2006:

[Unemployment Figures Should Have Been Released in the Proper Manner - Cable]

Wed 11th Jan 2006:

[Brown's EU Borrowing Warning Difficult to Ignore - Cable]

Mon 28th Nov 2005:

[ONS Needs Independent Governing Board - Cable]

Wed 14th Sep 2005:

[Unemployment figures deeply worrying - Cable]

Mon 27th Jun 2005:

[Home Repossession Figures Too High - Cable]

Wed 11th Jun 2003:

[New Trade Figures Highlight Volitility Of Pound]

Tue 10th Jun 2003:

[NEW TRADE FIGURES HIGHLIGHT VOLITILITY OF POUND]

Thu 22nd May 2003:

[RETAIL GROWTH FIGURES MAKE BROWN'S FORECASTS LOOK INCREASINGLY UNREALISTIC - TAYLOR]

Printed and hosted by Prater Raines Ltd, 82b Sandgate High Street, Folkestone CT20 3BX.
Published and promoted by Liberal Democrats in Business, 4 Cowley Street, London SW1P 3NB.
The views expressed are those of the party, not of the service provider.