Liberal Democrats in Business

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

Trust Must Be Restored In Fiscal Policy

9.00.00am GMT Fri 5th Nov 2004

Commenting on reports by PriceWaterhouseCoopers that Gordon Brown is in danger of breaking his 'golden economic rule', Liberal Democrat Shadow Chancellor, Dr Vince Cable MP, said: "This report adds to the growing scepticism that Gordon Brown will fail to meet his 'golden rule'.

"The Chancellor's failure to acknowledge a drift in fiscal policy or any possible fudging is likely to lead to further distrust of the Government.

"The Liberal Democrats are proposing that the Chancellor allows a modest degree of independent scrutiny in fiscal policy to ensure that credibility is maintained."

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[Previous news story]: Banks Must Stop Fuelling The Borrowing Boom - Cable (Tue 2nd Nov 2004).
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