North Somerset MP Liam Fox's bold speech about spending cuts
Former defence secretary Liam Fox has staked what some political commentators may see as a fresh bid to be a future leader of the Conservative Party with a controversial speech today.
Mr Fox, a former cabinet minister, is urging the government to freeze public spending for five years and use the money saved to cut takes and the country's deficit.
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North Somerset MP Liam Fox
Most controversially, Mr Fox is suggesting the NHS is not protected from austerity measures.
Stamp duty and taxes on bank account interest could be cut to help engender a "savings investment culture" the North Somerset MP says.
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A spokesman for Downing Street has said David Cameron will stick to the course the coalition government is currently ploughing.
Going a step further, Liberal Democrat business secretary Vince Cable said Mr Fox's plans would be a "jihad" against public spending.
The speech may ring true on the right of the Tory party, where Mr Fox has many supporters.
Mr Fox's proposed freeze on all public spending - as against the current freeze for Whitehall departmental budgets - would cut spending in real terms by 2.5% a year. The current plan is for a 1% annual cut.




11 Comments
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by BedmoBanjo
Wednesday, March 13 2013, 11:07AM
“@beded - no they shouldn't. Dunblane, Dunblane, Dunblane.
Roaul Moat. That other ******. Etc.
End of convo.”
by WhatsTheStory
Wednesday, March 13 2013, 9:16AM
“Corncups
I think youre hoping against hope that the good folk of North Somerset see through Fox.
Rather like the voters of Bristol East who would (and have) vote in a sack of spuds as long as it wore a red rosette, the farming folk will (and have) vote in a bag of pig swill as long as its rosette is blue. Thats unless they embrace their inner xenophobe and vote UKIP of course.”
by bristolreded
Tuesday, March 12 2013, 7:46PM
“Bedmo, Guns should be legal.”
by pigdog
Tuesday, March 12 2013, 10:48AM
“I disagree with his proposal that suspending CGT will support economic growth. CGT will allow individuals to sell assets but this will not release significant cash into business investment that could produce jobs and growth.
I think government needs to underwrite investment in new plant in promising UK manufacturing SME's. If we can get 10% of manufacturing SME's to improve efficiency, take on 1 extra skilled or semi skilled employee, and export or make a product here instead of an imported one, we will quickly make a lasting difference.
Banks are building up their cash reserves, as they have been instructed to, and asset finance needs to be made cheaper than the banks are prepared to charge.”
by collegefields
Monday, March 11 2013, 8:56PM
“quality comments from Bedmo and others, nause of a man.”
by brissleblue
Monday, March 11 2013, 5:29PM
“Fox appears to be unconcerned that his economic advice would beggar further the very significant number of people whose lives have been hit, time and again, by the existing policies of this Government.
Either he genuinely does not have any regard for pensioners on state benefits who have just the Old Age Pension as income; or for people who cannot afford to pay a mortgage, have an income below £16k per year and who apply for Housing Benefit; or for young people without a job and who have no opportunity to earn a living wage.
Or, perhaps, he assumes that there are enough constituents in North Somerset who are not in those 3 groups and will vote for him no matter what he says or does.
Either way, his arrogance is breathtaking. Any voter with a tad of commonsense would not, ever, vote for him.”
by Brennus
Monday, March 11 2013, 3:50PM
“Oooh - spending cuts - yes please Dr Fox.
Especially those cuts which prevent hypocritical politicians from swanning about the globe with their 'best mates' in tow.....”
by corncups
Monday, March 11 2013, 2:52PM
“Caught with his fingers in the parliamentary expenses till, caught working for foreign extremists at UK tax-payers expense, caught compromising UK national security with his 'special friend' Werrity...
Such abuse of public office ought to land him in the dock, rather than a continuation of life of Parliamentary privilege at tax-payers expense.
Let's hope the good people of North Somerset see sense and vote him out of public office before he can do any more damage to the national interest.”
by BedmoBanjo
Monday, March 11 2013, 2:27PM
“On top of embezzling public funds this guy is clearly taking handouts from american health insurance companies. How exactly is he still in politics?
TBA - Fox says british gun restrictions unfair. Becomes millionaire overnight.
SCUM.”
by nogbutt
Monday, March 11 2013, 2:08PM
“the bep missed his suggestion for a temporary suspention of cgt, which was a shame as this is really the most amusing joke in the whole satire. it looks like mr fox is using his atlantic bridge to import the choiciest tea party policies, but if the tories can just delay their inept policies for a couple of years they may even win the next election.”