News
A budget within 50 days, promised by David Cameron
22 November, 2009
David Cameron, leader of the Conservative Party has promised an emergency budget within 50 days if they win the parliamentary election as is widely expected.
Cameron has stated that they want to cut spending by £23 billion by the year 2015, and that they would set out plans to get the economy going again through business investment.
In an interview with the BBC’s Andrew Marr Show, Cameron said it would be not so much of a big bang as a big plan. He added that a plan is needed to get the deficit down, and to demonstrate to people that they are serious by taking some steps in the first budget by setting out those steps. Failure to cut the deficit could see interest rates rising and the economy tipping back into recession.
Cameron also repeated his party’s intention to freeze public sector pay, to trim benefits and seek efficiencies to help reduce the deficit. He said that government with the power and long-term vision to get on with it is needed.
In a recent statement Chancellor Alistair Darling said that Cameron wanted growth, but at the same time opposed government action on the economy, and that he had called for cuts now, at the worst possible time, as they would choke off the recovery.
In the Queen’s speech last week the Labour Party, which has been power since 1997, promised to halve the deficit over four years when it set out its legislative programme.
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