Government is bringing economy to its knees

In an Opposition Day debate, the Liberal Democrats called on the Government to immediately bring forward funding for capital projects, to generate future income and counter the recession.
It was the sort of practical and workable proposal one would expect from Vince Cable, widely recognised as the parliamentarian with the best understanding of the present economic situation. As long ago as 2005, he saw the problems on the horizon, saying “This binge of debt-financed consumer spending will lead to disaster.”
As the recession continues to take its toll on the economy, the Liberal Democrats used their Opposition Day to ask the Government to use the opportunity to invest in programmes to create new jobs and build a stronger, greener Britain.
“Instead of tackling tricky but necessary reforms, it looks like ministers are taking the easy way out, offloading problems on to councils, cutting front-line services and axing valuable public investment,” said Vince Cable.
“Sensible public investment creates jobs today and builds assets for the future. Ministers must develop an efficient system to identify and fast-track good public investment.”
Labour voted against the motion whilst the Conservatives abstained.