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| In quotes: Reaction to Spending Review | In quotes: Reaction to Spending Review |
| (35 minutes later) | |
| The chancellor has laid out his Spending Review for 2015-16. Here is a selection of comment from key players in the debate. | The chancellor has laid out his Spending Review for 2015-16. Here is a selection of comment from key players in the debate. |
| "The deficit has come down by a third. Yet at over 7%, it remains far too high, so we must continue to take action. Not just because it's wrong to go on adding debts to our children's shoulders. But because we know from the global turbulence of the last few years that the economic risks are real. That the recovery has to be sustained. And if we abandon our deficit plan, Britain would be back in intensive care." | "The deficit has come down by a third. Yet at over 7%, it remains far too high, so we must continue to take action. Not just because it's wrong to go on adding debts to our children's shoulders. But because we know from the global turbulence of the last few years that the economic risks are real. That the recovery has to be sustained. And if we abandon our deficit plan, Britain would be back in intensive care." |
| "Instead of action to boost growth and long-term investment, all we've got today is more of the same from a failing chancellor. And more of the same on social security and welfare spending too. We've had plenty of tough talk and divisive rhetoric, but on this chancellor's watch the benefits bill is soaring." | "Instead of action to boost growth and long-term investment, all we've got today is more of the same from a failing chancellor. And more of the same on social security and welfare spending too. We've had plenty of tough talk and divisive rhetoric, but on this chancellor's watch the benefits bill is soaring." |
| "The last thing our struggling economy needs is further cuts to spending to try to close a deficit made worse by the chancellor's earlier cuts. When the medicine is not working and side-effects are choking the patient, you need a change in treatment, not more of the same." | "The last thing our struggling economy needs is further cuts to spending to try to close a deficit made worse by the chancellor's earlier cuts. When the medicine is not working and side-effects are choking the patient, you need a change in treatment, not more of the same." |
| "Infrastructure is rightly singled out as the most effective engine for growth, as we urged. While the Government talks a good game on infrastructure we've seen too little delivery on the ground so far. It is critical we see a real pipeline of projects announced tomorrow, so investors know what schemes are going ahead, where and when." | "Infrastructure is rightly singled out as the most effective engine for growth, as we urged. While the Government talks a good game on infrastructure we've seen too little delivery on the ground so far. It is critical we see a real pipeline of projects announced tomorrow, so investors know what schemes are going ahead, where and when." |
| "I made it clear that I would fight for a deal that ensured the government had a credible growth story. The settlement we've achieved for this spending round does exactly that by prioritising and protecting activities that are key to growth. " | "I made it clear that I would fight for a deal that ensured the government had a credible growth story. The settlement we've achieved for this spending round does exactly that by prioritising and protecting activities that are key to growth. " |
| "This government's broken austerity policies have fundamentally failed to get the UK's finances in order and improve people's lives, yet George Osborne has today chosen to condemn Britain to more of the same even beyond the next election. The way to address the deficit is not by further cuts to public services, including tightening the financial stranglehold on local authorities, or failing to get people into work and arbitrarily capping welfare spending regardless of need. It is to invest in jobs." | |
| "This spending review has only come about because the government's initial austerity plan did not reach its targets. Whilst we agree that spending had to be reduced, the government's refusal to cut tax for the lowest paid workers has meant we've seen the cuts but not the growth. | |
| "The £11.5bn of cuts barely meets the £12bn we are borrowing per month. It's also the near equivalent to the annual payments we will dish out in foreign aid by the end of the parliament." | |
| "The chancellor has had to make these swingeing cuts in spending for one simple reason: he has failed to meet every target he has set himself in terms of borrowing, deficit reduction and growth. Given that he has failed so far the chancellor must explain why he is now set on a course that will make the same mistakes again." | |
| "Today's Spending Review paints a grim picture of further austerity ahead for Wales. The Tory Chancellor George Osborne laid a political trap for Labour that they have fallen into hook, line, and sinker by publicly accepting austerity cuts if they form the next government." | |
| "The environment has taken another big hit in this review on top of the 30% cut Defra suffered two years ago. This will mean less money to protect wildlife and reverse the decline in nature at the same time as government planning reforms give free rein to developers to damage our green and pleasant land." | "The environment has taken another big hit in this review on top of the 30% cut Defra suffered two years ago. This will mean less money to protect wildlife and reverse the decline in nature at the same time as government planning reforms give free rein to developers to damage our green and pleasant land." |
| "It is good that the government has taken a long-term view of how to plan capital spending to the end of the decade... However, what we now need is a clear timetable for delivery." | "It is good that the government has taken a long-term view of how to plan capital spending to the end of the decade... However, what we now need is a clear timetable for delivery." |
| "Despite all the noise, most people in the House do agree that both the deficit and public spending are much too high and have to come down. We should be under no illusions at all among ourselves just how tough and what a remorseless task that is." | |
| "It is great news that transport, which is critical to the UK's economic fortunes, is being bolstered by an additional £2bn in 2015/16. Improvements in the movement of people and goods and preservation of our hugely valuable transport assets like the roads, which are worth tens of billions of pounds, are badly needed." | "It is great news that transport, which is critical to the UK's economic fortunes, is being bolstered by an additional £2bn in 2015/16. Improvements in the movement of people and goods and preservation of our hugely valuable transport assets like the roads, which are worth tens of billions of pounds, are badly needed." |
| "While his mantra is that he is dealing with our debts, the fact is George Osborne is actually borrowing more for failure and has led our economy into the longest and deepest slump since the 1870s." | "While his mantra is that he is dealing with our debts, the fact is George Osborne is actually borrowing more for failure and has led our economy into the longest and deepest slump since the 1870s." |
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