Nick Clegg urges resolve in cutting debt
Deputy Prime Minister Nick Clegg has said there must be “no blinking” on the government’s programme of deficit reduction.
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Addressing business leaders at the CBI dinner, Mr Clegg insisted the shared agenda of cutting debt is the “glue which binds this coalition together”.
The Deputy PM called for a move away from the short-termist debt-driven economy of recent decades and towards a “less spectacular” but “more prosperous and more profitable” future.
He said:
We can lay the foundations for an economy where people invest rather than simply consume, where stability is as valuable as risk, where people borrow responsibly; and their governments do too.
It may be less spectacular; sturdy and steady instead. We won’t get there overnight - this is a generation’s work. But it is a better, more prosperous and more sustainable future.
Speeches and transcripts: Deputy Prime Minister’s speech at CBI annual dinner