Liberal Democrats in Business

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

War Is No Excuse For A Badly Managed Economy

12.00.00am GMT Tue 25th Mar 2003

Gordon Brown was warned today that he should not use the economic uncertainties generated by war in Iraq as an excuse for his mismanagement of the British economy. Matthew Taylor MP, Liberal Democrat Shadow Chancellor, said:

"It is vital for the long-term spending plans for the public services that the Chancellor does not use war as an excuse for a badly managed economy."

"The imbalances in the British economy pre-date war in Iraq by some distance. Manufacturing has been in recession for years and investment last year plunged faster than in any other major economy."

"The Chancellor must face up to his responsibilities in the Budget and act to rebalance the economy. Gordon Brown must set out plans to tax more fairly, spend more wisely and free business from his ridiculous tax complications and penchant for red tape."

[Print this story]
[Previous story]: 30% Shortfall In Extra Cash For Public Services (Thu 20th Mar 2003).
[Next story]: AXE STILL HANGS OVER PHARMACIES AS HEWITT DELAYS UNTIL THE SUMMER (Thu 27th Mar 2003).
[Other news stories from March 2003 (25)]

Printed and hosted by Prater Raines Partners, 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.