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Vince Cable calls for urgent economic stimulus package

September 17, 2011 10:31 AM

cable• [Sep 15] Patrick Wintour and Allegra Stratton write: VINCE Cable, the Liberal Democrat business secretary, called on Friday for an urgent New Deal-style stimulus package involving funded tax cuts and a major capital investment programme including tolls for a roadbuilding programme.

Insisting his proposals amounted to a radical Keynesian package - using language and ideology not shared with the chancellor, George Osborne - he said that in the face of a stagnating economy ministers had to "pull all the levers available to government. We are not powerless." . .

But he reminded activists that there were intellectual antecedents for what their party was doing in government. "We are acting very much in the tradition of … of Stafford Cripps, [Denis] Healey and [Roy] Jenkins, who have had this problem before. You have to have a sensible budgetary policy, and overseas you have the Canadian Liberals, the Clinton Democrats and the Scandinavian democrats. All run a tight ship and they make choices and they make cuts and so on. This is unavoidable and totally consistent with having a centre-left position on politics."

• Vince Cable calls for urgent economic stimulus package [Guardian Sep 16]

Vince Cable's speech to Conference is on Monday Sep 19 at 12.20 pm

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