Quote:
Originally Posted by Ken Moss
Few would disagree that spending reviews are required but the speed and severity of the Conservative cuts is the main bone of contention.
Labour recognised the problems and had planned a slow steady program over a few years but this £83bn package is going to do a lot more harm simply by the way in which it is being implemented.
Certain aspects don't seem to have been properly thought through, either. Closing the Woodford plant 18 months early won't save that much and is making life for those workers far harder.
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Ken, Labour planned to cut deeper and just as fast. They've changed their mind now they've become the opposition. It's easier for them to criticise the coalition that way.
If you don't cut fast you are choosing to give money to bankers in interest payments rather than spending the money educating our children or putting police on the streets.
What you're saying is a lot more pain but over a longer time. We're already paying £120 million
a day in interest payments. The scale of the debt is colossal and it's only going to get worse if we don't start reducing our deficit quickly.