SNP TREASURY SPOKESMAN CONCERN OVER QUEEN’S SPEECH

SNP TREASURY SPOKESMAN CONCERN OVER QUEEN’S SPEECH

‘GOVERNMENT STILL HAS ITS HEAD IN THE SAND OVER ECONOMIC REALITY’

SNP Westminster Treasury spokesperson, Stewart Hosie MP, has expressed concern over the lack of economic detail contained in the Queen’s Speech.

“Today we had the glamour but the grim reality is yet to come.

“The Queen’s Speech gave us proof, if any was needed, that the UK Government has its head in the sand over the current economic reality.

“As we enter the worst recession in 80 years, the UK Government will only go as far as acknowledging a “global economic downturn”.

“The elephant in room is already next year’s Budget and Finance Bill.

“The Queen’s Speech gave absolutely no hint of how the UK Government intends to claw back the billions of additional borrowing racked up as a result of Gordon Brown’s decade long mishandling of UK economy.

“Indications from the Pre-Budget Report suggest that the Scottish Government’s budget will be slashed by some £1 billion over the period 2010/11 to 2011/12. The UK Government should reconsider this cut instead of squandering money on flawed ID card schemes and nuclear weapons.