As deepest recession bites - Labour struggling to respond

Commenting on recent GDP figures, which show the economy shrank by 0.4% between July and September, Liberal Democrat Shadow Chancellor, Vince Cable said:

“For all the hopes of a quick recovery, these figures make it clear we are still in the longest and what could yet become the deepest recession on record.

“For all that has been thrown at the economy to try and stimulate a recovery it is clear that massive structural problems remain, particularly in the banking sector. This news adds to serious concerns over the realism of Government plans to deal with the burgeoning public debt. It is critical ministers spell out a credible path as to how they will deal with the deficit. With the legacy of unemployment likely to remain for years after the end of the recession, we need radical measures to avoid repeating the mistakes of the 1990s which left millions on the scrap heap.”

With thousands of families across Stamford and Grantham struggling to cope with the recession and unemployment, it is crucial that they see leadership and real action to deal with the affects of recession, providing genuine support, new opportunities and jobs. This Government is struggling to meet the aspirations of those worst affected and that means they are failing people in their hour of need. When leadership and action is expected they get the response of a head-less chicken and that just isn’t good enough.