Tuesday, 25 September 2012
Dr Cable's speech and my comments
Well, I think Dr Vince hits the nail squarely on the head.
For a long while Britain has not physically constructed anything. Ship building, aircraft and cars have moved to Asia and to Germany. Too long governments have been moving finance away from production and into risky investment banking. This was ultimately doomed to failure and now the State HAS to intervene to clear up the mess.
Small and medium sized businesses do need support and banks are not willing to invest in them so I think Vince is right to work with the Chancellor to set up an Investment bank under Government control to assist them. It is basic economics that business should move the economy on and puts money in everyone's pockets not just into those of the few at the top.
I also quite agree with the move for the mansion tax and closing the nets on those at the top who move their money to where it is safe. mansions and property cannot be moved and it is only fair that those who are the most sucessful are the one's who help those who are unable to at the bottom, the very ones we as a party have lifted out of Income tax.
I won't re list our successes, they're clearly listed by Vince but it is worth mentioning again that we have had an effect on Government and that we are working, as part of the Coalition and with Labour for future Governments to have a Long perspective for economic recovery. We can't just look to 2015 and say Bugger it that's when our term ends - that would be irresponsible. Successive governments have an end of term view of not creating a continuance.