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Comprehensive Spending Review not all bad news

October 20, 2010 12:00 AM

Budget BoxReacting to today's Comprehensive Spending Assessment, Liberal Democrat Parliamentary spokesperson for Northampton North, Andrew Simpson said "The spending cuts will affect us all but are necessary if we are to get our economy back on track. Nobody argued that cuts were not necessary".

"Labour left us borrowing £400 million a day and even they admitted it wasn't sustainable. The question was all about timing not whether or not cuts had to be made."

"Liberal Democrats argued at the election that any cuts should not jeopardise growth in the economy and with today's announcement we have seen extra funding for schools, particularly aimed at children from disadvantaged backgrounds plus money for more adult apprenticeships. These were all key Lib Dem policy pledges.

"In addition commitments on investing in a greener economy have been made with £1 billion Green Investment Bank plus getting tough on the banks with a special levy and additional taxes".

"Nobody said it was going to be easy and for Lib Dems it has meant some compromises have had to be made. But at least we have had the courage to face up to the challenge now rather than rely on a hope and a prayer".

"It is not all bad news, the Coalition has introduced measures that will tackle inequality in our economy and make sure those who can afford to do so pay a fair share whilst protecting pensioners and low paid workers".

"For Northampton the key issues will now be how our public services adapt to reduced funding and how we as a town continue with the regeneration plans so desperately needed for the future".