Posts Tagged ‘Liberal Democrats’

Vince Cable wrote to the voters of South West Surrey – his letter is reproduced below my YouTube video

Vince Cable kindly wrote this letter urging voters in South West Surrey to support me on Thursday:

Dear Elector

This election is not decided. The British people have a real decision to make at the polls and, for the first time in a long time, you have real power to make a change that goes beyond the choice between two bickering parties. Most importantly it is a choice about how to ensure economic recovery that is sustainable.

The MPs’ expenses scandal has been a disaster for UK politics. But by exposing those with their snouts in the trough, it empowers the public to make a choice. It creates a wake-up call about the frailty of the present voting system, where MPs believe that have a job for life and that they can ’milk the system’ and get away with it.

I have always argued that we need to go further than reforming MPs’ expenses; we need to elect MPs totally committed to wholesale reform. Your Liberal Democrat candidate Mike Simpson will be a strong voice in Parliament. He is a man committed to challenging the political establishment and he has all the right credentials for such a role.

The opinion polls suggest that people are rightly unhappy with the Labour Government yet have no real confidence in George Osborne and the Tories. The choice presented to the electorate is to lurch from incompetence to inexperience. I think you deserve more. To get the economy back on track requires the best minds, working effectively together. It requires fair taxes and common sense that you can trust. The Liberal Democrat Party is committed to sound economics. Our priority is to secure the long term financial viability and vitality of the economy.

Do not let anyone try to persuade you that a balanced parliament will be detrimental to our country. Far from it. A parliament balanced with a strong, Liberal Democratic presence will result in a House of Commons composed of true representatives of the electorate and sound, sensible policies brought about by discussions and consensus and not by political dogma.

Vote for your Liberal Democrat candidate Mike Simpson, and help create a government capable of rebuilding our economy and our political system.

Yours sincerely

Vince Cable

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The opinion polls in tomorrow’s papers (Sun and Guardian) show that Cameron has failed to win the trust of the British electorate. The Conservative party are supposed to be the main opposition to Labour and yet even with the banking crisis, the MPs’ expenses scandal and the spiralling government debt, the Tories have failed to close the deal with the electorate.

Nick Clegg and the Lib Dems have proved to be credible, likeable and respected. Let’s hope that the voters will not have last minute nerves about putting their x where their heart lies.

The figures are:

YouGov poll for the Sun: CON 34%(-1) LAB 28% (+1) LDEM 29% (+1). No significant change from yesterday.

ICM poll in the Guardian: CON 33%(-3), LAB 28%(-1), LDEM 28%(+1).

The Lib Dem Team of Clegg and Cable is the best choice for Britain

Vince Cable, the Liberal Democrat finance spokesman warned this week that Britain risks sliding into a Greek-style fiscal crisis unless the next government takes drastic action to cut borrowing.

Taxes must rise sharply over the next decade to bring down borrowing, according to the National Institute of Economic and Social Research. They suggest that taxes will have to rise by the equivalent of a 6p in the pound on income tax! They also said the UK economy faces sluggish growth and rising unemployment this year.

The Governor of the Bank of England governor Mervyn King is reported to have warned that “Whoever wins this election will be out of power for a whole generation because of how tough the fiscal austerity will have to be.”

Who would want to take the economic reins of power in such a scenario?

I ask another question – ‘In such dire circumstances who will be best suited to reduce the government debt, oversee a much needed restructuring of the banking sector, whilst protecting the vulnerable from cuts in vital government services?’ It will not surprise you that my answer this question is Vince Cable, Nick Clegg and the Liberal Democrats.

The next government could make the situation a lot worse. We need sound financial judgement if we are to recover and not sink into a second recession. Vince Cable and the Liberal Democrats have consistently got the analysis right over the economy. We must tackle government debt without choking off the economic recovery

We cannot afford to take a leap in the dark with Osborne and Cameron. Many people are fearful of the mass job losses and VAT increases likely to follow a Conservative win. Cuts and tax increases will be needed but who will bear the brunt of these?

Vince says, “The public will accept austerity for a time if the burdens are fairly shared”.

Vince Cable and the Lib Dems are determined to make our tax system fairer and we would raise the tax threshold so that nobody earning less than £10,000 would pay any income tax. This would be paid for by a tax on mansions worth over £2million, closing tax loopholes and making airlines pay for the pollution they cause.

Raising the tax threshold will benefit the average tax payer by £700 per year, but it will also have the added benefit of greatly increasing the incentive to work rather than languish on benefits.

Our manifesto sets out a carefully costed plan of cuts and spending commitments that would result in a £10billion cut in the deficit. Much more needs to be done and that will include hard choices about benefits and public sector pensions for example.

Nick Clegg proposes a ‘Council on Financial Stability’, involving representatives of all parties, the Governor of the Bank of England and the Chair of the Financial Services Authority. We face the kind of dire circumstances that require all Parties to work together if we are to avoid major social division when cuts and tax rises are implemented.

A strong Liberal Democrat presence in Parliament will ensure a wise, prudent and compassionate approach to the crisis we face.

I have been struck by how many local small business people are outraged by the foolish and illiberal digital economy act which Labour rushed through Parliament with support from my opponent Jermey Hunt. I wrote an open letter to Mr Hunt on 5th April about this.

On 11th April I called for the Digital Economy Act to be repealed.

I have been delighted to receive strong support from the local E-Commerce community. Here’s one comment:

“As a local businessman who voted Conservative in every election to date I’m changing to vote for Mike and the Lib Dems. I’m very impressed with the Lib Dems strong pro-business policies, in particular their balanced and sensible approach to E-commerce and the digital economy.” James Firth

And it’s not just the Act that is a problem in Farnham. Read this comment by local film and television producer Jack Jewers who I met recently:

“Britain’s digital infrastructure is seriously under-developed and it really does hurt us. In most of Farnham, broadband access comes down old copper phone wires (rather than fibre optic cables), so the average broadband speed is barely 2MB. That makes the internet slow and unreliable. I’m a filmmaker by trade and have recently moved two businesses here from London because I want to support my home town. However I may be forced to move back to the city because I cannot get the reliable, high-speed web access I need. There are wider implications of this too. Imagine if the thousands of people who live in our area could commute digitally, what a difference it could make to the environment, not to mention to our crowded trains. Given all of this, I simply cannot understand why, when Britain lags so far behind Europe and the wider world on digital infrastructure, Parliament chose to pass a bill (the Digital Economy Bill) that limits digital growth instead of one that improves access. I fear we’re going to be left behind, and that companies like mine will find it hard to compete with better wired businesses elsewhere in the world.”

There is growing support for our campaign to Save The BBC I am standing against Jeremy Hunt, the Tory’s Shadow Culture Secretary. If I beat him it will be a major blow to the Tory plans for the Beeb. And it looks like I can win, given the huge swing to the Lib Dems across the country.

Leading actors are today calling for voters ‘to protect the BBC on polling day’.

And across the country other groups are setting up to fight for BBC independence which is threatened by Tory plans. I wrote to the Tory Shadow Culture Secretary Jeremy Hunt about his own position some months back.

It’s clear that the Murdoch press are desperate for a Tory victory as they would have much to gain from Tory plans. Nick Clegg’s rise could lock Murdoch out of UK politics for years.

Another very good reason to vote Lib Dem!

In case you missed this –

Goldman Sachs says buy the pound as there’s little to fear from a hung Parliament

Check out the Daily Telegraph (!) piece here

The Tories are getting desperate. As the Lib Dems surge in the polls and look like spoiling the Tory (premature) election celebration party, the knives are out for Nick Clegg. All the Tory press are in full assault mode today.

One of the most ridiculous attacks is to say that the financial markets and the value of the pound will collapse if the people of Britain dare to vote for anything other than a resounding Tory majority. Actually for a month we have been looking at a hung parliament as a likely outcome and the markets know it. Markets don’t wait to see what happens. They seek to predict what is going to happen. So they have done just that.

I don’t rule out some market volatility before and after election day BUT the current state of markets reflects what traders predict will happen and that is a hung parliament.

Surprise surprise – The result is not financial Armageddon.

A month ago the FTSE 100 share index of leading companies was valued at 5650 points. This morning as I write this it is on 5732 points.

A month ago the £ was worth $1.51. This morning it is worth $1.54. The increase in the value of the pound against the Euro is even greater.

So much for the nonsense of the Tory scare stories.