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Philip Hammond has attacked Labour after it was revealed that over 100 countries are better prepared than the UK to weather the economic slowdown.
According to the World Economic Forum, 104 countries were better prepared than the UK at the start of the downturn, and our budget deficit of 3% was only marginally better than that of Ethiopia, Nicaragua, and Tunisia.
We have also fallen from 9th to 12th place in the international competitiveness league table.
Philip, Shadow Chief Secretary to the Treasury, said, “Stealth taxes, a persistent skills gap, red tape and poor management of the public finances have all taken their toll on Britain’s reputation as a place to do business.”
Philip is Shadow Chief Secretary to the Treasury. He believes strongly that the first responsibility of Government is to promote economic stability.
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The Shadow Chancellor says that Labour have done nothing but highlight their own contradictions on cuts.
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Promoted by Alan Mabbutt on behalf of the Conservative Party, both at 30 Millbank, London, SW1P 4DP