Campbell Comments on Comprehensive Spending Review

Following the statement in the House of Commons from the Chancellor George Osborne on the Comprehensive Spending Review, North East Fife MP and former Liberal Democrat Leader Sir Menzies Campbell said:

“This was a very polished performance by George Osborne, the Chancellor of the Exchequer. He acknowledged the depth of the economic crisis and had some painful decisions to announce. But it was significant that he emphasised the need for investment in apprenticeships, science, the Green Bank and transport infrastructure. He also made it clear that public expenditure on schools will increase in cash terms over the next four years as will the national health service.

“By comparison Alan Johnson, Labour’s new Shadow Chancellor, had little to offer because it is well known that the Shadow cabinet remains deeply divided as to how to approach the deficit. This was evident in Mr Johnson’s speech.

“From a Scottish point of view it was noticeable that George Osborne went out of his way to say that there would be no change to the Barnett Formula. ”

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