Osborne's proposals are Lib Dem Lite

October 6, 2009 1:48 PM

Commenting on George Osborne's address to Tory party conference, LiberalDemocrat Shadow Chancellor, Vince Cable said:

"This set of deficit reduction proposals is Lib Dem Lite.

"The sum total amounts to nothing more than a drop in the ocean and willnot deal with the structural deficit.

"What is more, Osborne has in effect guaranteed that these policies willmerely pave the way for a return to traditional Tory politics - hittingthe public sector now to pay for tax cuts for millionaires later.

"Only the Liberal Democrats have made a commitment to bringing publicspending under control whilst making taxes fairer across the board."

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