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Angela Eagle MP, Labour’s Shadow Chief Secretary to the Treasury, said in response to today’s speech by Nick Clegg:

“Nick Clegg says that the Government is not going to sit on its hands while the economy falters, but that is exactly what he and George Osborne are doing.

“His speech today merely says Ministers will turn up for work and make sure those projects which haven’t been cut are delivered on time. No investment is being brought forward to support jobs and the stalled economy now and the Government is simply pressing ahead with cuts and tax rises that go too far and too fast.

“With unemployment rising and the economic recovery choked off we need a real plan for jobs if we’re to get the economy growing again and so get the deficit down. That is why we have said the Government should temporarily cut VAT to help struggling families and use the billions raised from repeating the tax on bank bonuses to build affordable homes and get young people off the dole and into work.”

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