Saturday, June 5, 2010

Nick Clegg vows no return to savage cuts of the Thatcher years

Nick Clegg vows no return to savage cuts of the Thatcher years
Nick Clegg has staked his political reputation on a pledge that under the coalition government there will be no return to the savage cuts of the 1980s.

In an interview with the Observer, he launched a withering attack on the economic policies of Margaret Thatcher and promised instead to look to the examples of Sweden, Canada and the US to deliver "progressive" cuts.

"It is important that people understand that fiscal retrenchment does not mean a repeat of the 1980s. We're going to do this differently," said Clegg, in a move that risks angering MPs on the Conservative right, many of whom admire their former leader. The deputy prime minister said he would use his authority "ruthlessly" to make sure coalition commitments were met.

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