BUDGET 2013: Quotes that Haunt the Government

(March 20, 2013)

Budget 2013

“But in the years ahead people will look back and see that what we’re doing today has laid the foundations for a sounder, stronger economy.”

David Cameron, speech, 16 April 2012

“We are involved in an economic rescue mission, but we’re not just a bunch of accountants dealing with the deficit, there is also a driving passion and vision to change this country and make it much more on the side of hard-working people who do the right thing.”

David Cameron, BBC R4 Today, 23 April 2012

“Every bit of good news sends that team into a complete decline, but I can tell the right hon. Gentleman that the good news will keep coming.”

David Cameron, Hansard, 24 October 2012, Column 917

“In five years’ time, we will have balanced the books.

“The sharp tax rises and huge interest rates you feared, the uncertainty you felt – these are things you no longer need to worry about.

“With our Budget in June and the Comprehensive Spending Review last week, we took Britain out of the danger zone.”

David Cameron, speech to CBI conference, 25 October 2010

“Our emergency budget showed the world that Britain is back on the path to fiscal responsibility.

“It took us out of the danger zone - and the man we have to thank for that is George Osborne. “The world has backed us.”

David Cameron, speech to Conservative Party Conference, 6 October 2010

“Well I’m working hard and this entire building is working hard and the entire government is working hard to do what’s needed to fix Britain’s problems, to get the economy growing. That is what we’re doing and Britain is on the right track.”

George Osborne, Sky News, 25 October 2012

“It is a difficult situation, but we are on the right track.”

George Osborne, Hansard, 5 December 2012, Column 891

“It is taking time, but the British economy is healing.”

George Osborne, Autumn Statement, Hansard, 5 December 2012, Column 871

“And although it's a hard road, we are making progress. The deficit is down by 25 per cent since David Cameron became Prime Minister.”

George Osborne, Mail on Sunday, 6 January 2013

“The deficit is down.

“Borrowing is down.

“Jobs are being created.

2It is a hard road.

“But we are making progress.

“And in everything we do, we’re helping those who want to work hard and get on.”

George Osborne, Autumn Statement, 5 December 2012

“We need an effort from each and every one.

“One nation working hard together.

“We are still all in this together”

George Osborne, speech to Conservative Party Conference 2012, 8 October 2012

“And I think people should judge this Budget not just on the day after it's delivered - of course they will pass judgement then - but also in the years to come and whether it laid the foundations for prosperity, for a country that can live within its means, for a more balanced and equitable economy.”

George Osborne, The Andrew Marr Show, 20 June 2010

“Today’s the day when Britain steps back from the brink.

“When we confront the bills from a decade of debt.

“A day of rebuilding when we set out a four-year plan to put our public services and welfare state on a sustainable footing – for the long term.”

George Osborne, Spending Review statement, 20 October 2010

“We are going to bring the years of ever-rising borrowing to an end.”

George Osborne, Spending Review statement, 20 October 2010

“The action we have taken since May has taken Britain out of the financial danger zone”.

George Osborne, Spending Review statement, 20 October 2010

“Well, I think, actually, the recovery is now on track. I think we've seen enough economic data from the UK to say with some confidence that the recovery's on track, Britain is on the mend. We got pretty steady and sustainable economic growth forecasts, pretty sustainable increases in employment, a steady decline in the deficit.”

George Osborne, CNBC, 1 December 2010

“So there are plenty of people who said that what we were doing was wrong, but, at the moment, they're being confounded by the figures.”

George Osborne, CNBC, 1 December 2010

“Well no I set out a fiscal mandate, a target for the public finances if you like to bring the current budget into balance, deal with this structural deficit, that is the bit that doesn’t go away when the economy grows, and I aim to meet that a year earlier than my target, for reasons of caution in 2014/2015 so it is a four year plan I have set out, some of the news coverage suggests it all takes place over night, it doesn’t take place over night it is a four year plan. “

George Osborne, Today Programme, 21 October 2010

“I am absolutely clear that government will do what it takes, will meet its fiscal mandate, meet its debt target, show the world that Britain, with its very high budget deficit can pay its way and keep those very low interest rates without which families watching this, businesses whose employees and employers watch this would be in real trouble. “

George Osborne, Andrew Marr Show, 27 November 2011

“The debts we were left threatened every job and public service in the country.

“But we have put the national interest first.

“Made the tough choices.

“Protected health and schools and investment in growth.

“Reformed welfare and cut waste.

“Made sure that we are all in this together.

“And taken our country back from the brink of bankruptcy.

“A stronger Britain starts here.”

George Osborne, Spending Review statement, 20 October 2010

“And we have inherited from the previous Government plans – if you can call them that – that envisaged our national debt ratio still rising in the year 2014.”

George Osborne, Spending Review statement, 20 October 2010

“There was next to no growth during 2012 and the prospect for 2013 is of very modest recovery.”

Vince Cable, New Statesman, 6 March 2013,

“What is also clear, however, is that the part of the fiscal consolidation achieved through reduced capital spending has had economic consequences.”

Vince Cable, New Statesman, 6 March 2013,

“We have done very brave things in the first spending round, but we have now got to the point where further significant cuts will do enormous damage to the things that really do matter like science, skills, innovation and universities."

Vince Cable, The Guardian, 9 March 2013,

"Some people say we mustn't frighten the horses. They say that any change in direction, however sensible, is too risky and will cause panic. There is of course a balance of risks and that mattered most when we came into office. But we should ask whether that balance of risks has changed.”

Vince Cable, The Guardian, 9 March 2013,

"The basic point is that we are in a very difficult position, we are facing an economy that is not growing, or only a bit. We have got to try things. We don't want to be Japan with a decade of no growth."

Vince Cable, The Guardian, 9 March 2013,

“Growth is slow, not just at home but across the West.”

Theresa May, speech, 9 March 2013,

“It’s not enough to cut budgets and hope for the best.”

Theresa May, speech, 9 March 2013,

“Questions about our productivity and competitiveness. The crisis in our public finances. The inequality between London and the rest of the country. The cost of living. Stalling social mobility. The public’s anger about companies that evade taxes and excessive corporate pay. All too often, the system doesn’t seem to be working for the whole country.”


Theresa May, speech, 9 March 2013,

“In the longer term, we need to build on the work the Chancellor has already done through local enterprise partnerships and enterprise zones, as well as the efforts of David Willetts in the Business Department, and expand our nascent industrial strategy.”

Theresa May, speech, 9 March 2013,

“We cannot afford a Gordon Brown budget, high on soundbites but low on substance. Without radical steps to restore competitiveness, we risk facing a decade, or decades, in the doldrums.

David Davis, Sunday Times, 17 March 2013

“Wednesday’s budget cannot just be an exercise in numbers. It must shake Britain out of its defeatism and despondency. It must be politically bold, economically effective and psychologically inspiring.”

David Davis, Sunday Times, 17 March 2013

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