Scale of public borrowing shows up the lack of leadership from Labour
December 18, 2009 12:07 PM
Commenting on official figures showing public borrowing hitting a record high for a single month in November, Liberal Democrat Shadow Chancellor, Vince Cable said:
"These figures confirm that when the economy does move out of recession there is a massive task ahead to sort out the public finances.
"It reinforces the lack of leadership given in the Government's Pre-Budget Report, which gave no indication of how the deficit will be reduced in a systematic way.
"We need to be careful not to fall for Conservative remedies, which would involve sudden deep cuts in the public sector at a time when the economy is still very fragile and a very real risk of falling back into a continuing and deepening recession."
