Business secretary Vince Cable has hit out at ‘ideologically obsessed’ Conservative Party spending reduction proposals for the next Parliament.
In a strongly-worded attack on Coalition partners, Dr Cable told the Liberal Democrat Party conference in Glasgow that a future chancellor would be forced to raise taxes between 2015 and 2020.
Dr Cable told delegates the Lib Dems could not sign up to Conservative chancellor George Osborne’s proposal to return a budget surplus by 2018/19 by ruling out tax increases, while making £25bn cut to non ring-fenced departmental expenditure limits.
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