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Richmond upon Thames Liberal Democrats:Covering the constituencies of Twickenham and Richmond Park |
LibLink: Vince Cable – Private recovery can create growth potion
February 18, 2011 5:49 PM
• [Feb 18] Nick Thornsby writes: TODAY'S Financial Times carries a piece by Secretary of State for Business, Vince Cable, on the coalition's strategy for economic growth. However, as Vince points out, a government 'strategy' can only do so much. The main weapon in the government's armoury is - perhaps counter-intuitively to some - to actually do less, . .
Here's an excerpt from Vince's piece: "Critics of the UK government calling for new growth strategies miss the point. Growth is not something concocted by the state, like a health potion at the chemist. Our job is important but modest: to create an environment for business to expand, invest and innovate; reviving what John Maynard Keynes called "animal spirits" . .
Both parties in the coalition are committed to a liberal economic policy. The agenda I set out six years ago in the Orange Book, a Liberal Democrat pamphlet, still applies:
deregulation;
competition;
free trade;
and inward investment.
We are putting flesh on these bones: reducing the regulatory burden caused by the industrial tribunal system; implementing "one in one out" rules; opening up public procurement; private sector disciplines for Royal Mail; and a more liberal single market . . "
• LibLink: Vince Cable - Private recovery can create growth potion [Lib Dem Voice Feb 18]
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