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IEA - Lib Dems lack the courage to control government spending

Reaction to the launch of the Liberal Democrat's Manifesto

 

Commenting on the Liberal Democrat's manifesto, Mark Littlewood, Director General at the Institute of Economic Affairs, said:

"The coalition government has succeeded in reducing the overall budget deficit, but at a pitifully slow pace. Nick Clegg seems determined to maintain this tortuous trajectory. 
 
"The government is still spending more than it's bringing in at a rate of about £10 million every hour. Rather than identifying the tens of billions of savings needed to get state spending back into balance, Nick Clegg seems keen to portray the election as something out of the Wizard of Oz, with one leading character lacking a heart and another lacking a brain. Unfortunately, all the participants seem to lack the courage to admit government spending is far, far too high"

 

Notes to editors:

To arrange an interview please contact: Camilla Goodwin, Communications Officer 0207 799 8929 or 07821 971 443

The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems.
 

The IEA is a registered educational charity and independent of all political parties.

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