July 26, 2009
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Liberal Democrat Shadow Chancellor, Vince Cable warned on Sunday Live, Sky news against “panic cuts across the board” to tackle the public finances, saying parties must concentrate on key priorities.
“Any serious party going into the next general election is going to have to be honest about the scale of the problem in the public finances,” he said.
“Some of this will improve as the economy recovers but a lot of it won’t, it’s structural”.
He added: “We believe that the best way of dealing with it is not panic cuts across the board but setting out very clearly what priorities should be.
“The priorities for the Liberal Democrats would be tackling unemployment, as well as affordable housing and public transport.
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