Nick Clegg sets out economic red line

April 28, 2015 8:22 AM
Originally published by UK Liberal Democrats

Liberal Democrat Leader and Deputy Prime Minister Nick Clegg has set an economic 'red line' for potential coalition negotiations.

Following on from his commitment on education spending, Nick has called for a 'Stability Budget' within the first 50 days of the next parliament.


Nick outlined clearly that "there will be no deal if there is no stability".

The red line will ensure that any future coalition government involving the Liberal Democrats sticks to the economic path to recovery that the party has secured.

It is only thanks to Liberal Democrats that the country has the stability to deal with the deficit and restore growth.

Nick stressed that there will be no room for negotiation with any party threatening to risk this recovery.

Nick said:

"The only certainty about this election is that neither Labour nor the Conservatives will win a majority. So making sure the next government is safe and stable is the first and biggest challenge.

"The Liberal Democrats have proved that we will do that. We will not let our government be dragged down by uncertainty and instability. We will be the guarantors of stability - just as we were in 2010.

"David Cameron, Ed Miliband - the Liberal Democrats won't let you bluff your way through. We won't let you risk our economic recovery.

"We will have a stability budget, to take place within 50 days of election day, a pre-condition of any coalition arrangement.

"There will be no deal if there is no stability. No coalition without coming clean with the British people. This too, is a red line.

"Let me tell you what will lie at the heart of it: A commitment to balance the books, in a timely fashion and in a fair way; and a clear commitment to our world class public services, including the money that our nurseries, schools and colleges need.

"We will add a heart to a Conservative Government and a brain to a Labour one.

"We will guarantee stability, decency and unity. Only the Liberal Democrats will cut less than the Conservatives and borrow less than Labour.

"And only the Liberal Democrats will put the national interest first and build a stronger economy and a fairer society."