Monday 5 January 2009

Green Road out of recession

Nick Clegg today described Gordon Brown and David Cameron as con-men trying to fool the British public.

He was responding to David Cameron's speech on the economy, in which he announced plans to scrap taxes paid by basic rate taxpayers' on savings interest and raise the level of non-taxable income for pensioners by £2,000 a year, and to Gordon Brown's interview yesterday, in which he spoke about government plans to bring forward £10bn of spending on public works, digital technology and environmental projects, claiming the programme would create 100,000 jobs.


Nick said that, to be taken seriously, David Cameron would have to identify what cuts he would make in public spending to fund his proposed tax cuts.

The Liberal Democrats remain the only party with a detailed plan on how to put Britain on a green road out of recession - see below.

Nick said, "Gordon Brown and David Cameron are con-men trying to fool the British public.

“First we have an expensive VAT cut that doesn’t help people and now the Prime Minister announces he will create 100,000 jobs without any idea of how.

“David Cameron is offering his own fake giveaway. Cutting savings tax will mean someone saving £100 will only get an extra 40p a year.

“If David Cameron is going to be taken seriously he has to identify what cuts he will make. How many fewer police officers will there be on the street and who will have a smaller pension?

“The Liberal Democrats are the only party with a detailed plan on how to put Britain on a green road out of recession. We have set out how we would make big, permanent and fair tax cuts, giving £1,000 in income tax cuts to families on average incomes.”

Green Road out of Recession (click on the headline above to download the LibDem plan) :

Before Christmas, Nick Clegg set out Liberal Democrat plans to put Britain on a Green Road out of the Recession, creating jobs and leaving a legacy that will save energy, put money back into people’s pockets and fight climate change.

The plans will cost £12.5bn, which would be paid for by scrapping the proposed VAT cut. The vast majority of that money will be spent immediately, making a real impact on the economy and people’s lives right away.

The Green Road out of the Recession proposals to create jobs include:

· A five-year programme to insulate every school and hospital, with 20% completed in the first year

· Funding insulation and energy efficiency for a million homes, with a £1,000 subsidy for a million more

· Building 40,000 extra zero-carbon social houses

· Buying 700 new train carriages

· Reopening old railway lines and stations, opening new ones, electrifying the Great Western and Midland mainlines and beginning the Liverpool light rail network

· Installing energy and money saving smart meters in every home within five years