Liberal Democrats in Business

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

30% Shortfall In Extra Cash For Public Services

12.00.00am GMT Thu 20th Mar 2003

This morning's public finance figures showed public sector investment barely up on the year despite a target to double net investment. The target of £14.3bn is being missed by over 30%. Matthew Taylor MP, Liberal Democrat Shadow Chancellor, said:

"The Government's promise to invest properly in schools, hospitals and transport is falling short."

"It's not enough just to tax for investment, that money must be spent wisely."

"The Government is failing to our public services, tying up capital investment in Whitehall bureaucracy and red tape."

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