PRESS RELEASE : Debt statistics – Government has put our economy between a rock and a hard place [December 2022]

The press release issued by the Liberal Democrats on 21 December 2022.

Responding to this morning’s ONS debt and deficit statistics, Liberal Democrat Treasury spokesperson Sarah Olney MP said:

“This Conservative Government has put our economy between a rock and a hard place, by failing to get inflation under control and pushing the UK’s borrowing costs even higher with their catastrophic mini budget. It’s an outrage that hard-working families will be picking up the tab for their incompetence for years to come.

“Ministers can’t use these figures as an excuse for hitting households with tax rises and cutting public services, when they caused this crisis in the first place. The Government should put a proper windfall tax in place to boost the public finances, and finally set out a proper plan to grow the economy.”