UK business secretary slams cuts

British Business Secretary Vince Cable has slammed the Conservatives’ planned cuts on working poor, saying the punitive measures go “far beyond” what is needed to reduce the country’s deficit.

Cable made the remarks in an interview with the British newspaper The Observer.

The UK cabinet minister said Chancellor George Osborne’s proposal to freeze in-work benefits, if the Tories win next year’s general elections, would be completely unacceptable to his party, the Liberal Democrats, in any future coalition.

“What he is suggesting goes far beyond what you need in order to achieve financial discipline,” said Cable.

The minister also rejected Osborne’s claim that the proposed benefits freeze would save the government some 3 billion pounds (USD 4.9 billion) and that even though Prime Minister David Cameron’s government has already applied 100 billion pounds in cuts, another 25 billion pounds is required to eliminate the deficit. 

“The £25bn Osborne talks about is way beyond actually what is necessary to achieve the thing we committed ourselves to do in the coalition agreement, which was dealing with the structural deficit,” Cable stated.

In addition, Cable said if David Cameron’s Conservatives win next May’s election and govern alone, Britain’s working poor would be “hit time and time again as George Osborne takes his axe to the welfare budget with no regard for the impact on people’s lives.”

Britain’s current coalition government launched austerity measures when it came to power in 2010 in a bid to tackle the country’s mounting debt and sluggish growth, but the policies have sparked opposition and public protests in recent years.

CAH/HSN/KA

Source Article from http://www.presstv.ir/detail/2014/10/05/381092/uk-business-secretary-slams-cuts/

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