No credible Labour plan on the economy - Stephen Williams

Commenting on Ed Miliband’s speech, Co-Chair of the Liberal Democrat Parliamentary Treasury Committee, Stephen Williams said:

“There was nothing in this speech to demonstrate Labour have a plan on the economy.  Labour left a record deficit, youth unemployment that had increased by 40% on their watch and a broken economy that had been focused on financial gamblers in the City of London for too long.

“Liberal Democrats are working in the Coalition Government to repair the damage done by Labour and build a stronger economy in a fairer society, enabling everyone to get on in life. 

“We are creating jobs across the country through the Regional Growth Fund and Vince Cable is overseeing a record rise in apprenticeships, helping 1.2m people gain the skills and experience necessary for a successful career.  

“We have made the tax system fairer than it has ever been for the low-paid, with people on national minimum wage seeing their tax bill cut in half and 20m working people are paying £600 a year less than they were under Labour.

“Empty speeches dressed up as economic plans will not convince the British people to trust Labour again.”


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