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Vince Cable responds to Spring Statement

March 13, 2018 2:43 PM

Responding to the Spring Statement, Leader of the Liberal Democrats Vince Cable said,

"The Spring Statement was a non-event. The OECD gave us the clearer picture - that the economy is bumping along the bottom of the G20, well behind the likes of Australia, Canada and the Euro area.

"The OBR's fresh forecasts are still a long way behind the figures estimated in March 2016 before the EU referendum.

"It is time the government was honest with the public: there will need to be tax increases to pay for the NHS and social care, police and schools.

"This is why the Liberal Democrats have advocated a penny in the pound income tax increase for health and care and why we must scrap cuts in Capital Gains Tax and Inheritance Tax introduced since 2015."

Vince Cable