Liberal Democrats in Business

News and views from the Lib Dem Trade and Industry Team, Vince Cable and Brian Cotter

SLOWEST GROWTH FOR A DECADE: PRUDENCE UNSTUCK

2.33.49pm BST (GMT +0100) Fri 27th Jun 2003

Responding to the latest quarterly data from the Office for National Statistics (ONS) showing UK gross domestic product growth at its weakest since 1992, Matthew Taylor MP, Liberal Democrat Shadow Chancellor, said:

"The optimistic growth forecasts in the Chancellor's Budget are falling at each new hurdle.

"The Chancellor's reputation for prudence is no longer a sufficient basis for belief in his budget.

"Gordon Brown should allow his Budget to be independently audited so that business and the public can be assured that the Chancellor is not just crossing his fingers and hoping for the best."

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