|
|
Richmond upon Thames Liberal Democrats:Covering the constituencies of Twickenham and Richmond Park |
Vince Cable: Striking a balance: economic growth versus fiscal discipline
April 5, 2011 12:41 PM
• [Apr 04] Vince Cable: THE British economy has suffered from myriad defects that make its management especially challenging. They also make the coalition government's decisive and radical approach to policy essential. The budget deficit of 10 % of gross domestic product means that, in a world of financial markets nervous about sovereign debt problems, the government runs the gauntlet of a confidence crisis unless we plough ahead with our deficit-reduction commitment. The government has so far been vindicated by low bond yields, at German or French - not Spanish or Portuguese - levels, keeping down the cost of capital . .
For the government, there is an equilibrium to be reached between maintaining confidence in the country's solvency through fiscal discipline, and not choking off recovery. The verdict of markets, multilateral economic organisations and business groups has been that it has struck the right balance.
• Striking a balance: economic growth versus fiscal discipline [Vince Cable FT Apr 04]
What would you like to do next?
-
Subscribe for updates
Follow the party's activity on...
- Twitter:
- Liberal Democrats
- Facebook:
- Liberal Democrats
- YouTube:
- Liberal Democrats