'Spending frenzy' no way for Britain to get out of debt, says MP
PUBLISHED: 11:26 01 April 2009 | UPDATED: 23:18 15 June 2010
PUBLIC finances need control not a government spending frenzy. That's what Tiverton and Honiton MP Angela Browning told a meeting in Honiton last week.
PUBLIC finances need control - not a government spending frenzy.That's what Tiverton and Honiton MP Angela Browning told a meeting in Honiton last week.Mrs Browning, addressing the annual meeting of the Honiton branch of the Tiverton and Honiton Conservative Association, said: "It is predicted that the UK will now have the largest budget deficit of the G20."For every £4 it receives, the government is spending £5."It will take up to three generations to pay back.Britain now owes more than we did when Dennis Healey went to the International Monetary Fund."Mrs Browning, who was speaking at Lakeside (formerly Fishponds Country House Hotel), Dunkeswell, added: "People are nervous and cautious about their personal spending, with good reason."The government should also be cautious about spending more borrowed money."Every Labour government leaves an inheritance of higher unemployment and public debts than when they came to office."Honiton town and district councillor Peter Halse was re-elected chairman of the association during the meeting, which was attended by MEP Neil Parish, who hopes to take over from Mrs Browning when she stands down at the next general election, and Don Collier, Conservative candidate in the forthcoming European elections.Christine Marsh was re-elected president of the association, along with honorary vice-presidents - John Reynolds MBE, Norman Whidden, Sylvia Williams, Elizabeth Morris and Brian Lethbridge.Deputy chairmen of the association are Graham Walford-Howell (political) and Richard Chesterton (membership and finance).New appointee was Councillor Stephanie Jones, who was elected treasurer.