Co-Chair of the Liberal Democrat Parliamentary Treasury Committee Stephen Williams today accused new shadow chancellor Alan Johnson of failing to face up to the enormity of the deficit.


Commenting on Alan Johnson’s speech today, Stephen Williams said:


“Alan Johnson is again failing to face up to the enormity of the deficit left to us by the Labour Government.


“His aim to half the deficit still leaves us with crippling interest payments at the expense of future public spending.


“He has called for more tax rises rather than cuts, but he fails to say where these should come from.”