The Prime Minister and other senior members of the Tory-Lib Dem Government are on record acknowledging that they do have the power to intervene to reduce the bonuses paid to senior executives at taxpayer-owned banks, I hope the government will explain to the public why he previously told MPs that he did not have any such power. I also hope that he will explain why his Government has decided, in its role as the majority shareholder in RBS, to approve a bonus to Stephen Hester worth almost £1 million.
New figures show a 20% increase in the number of cancelled urgent operations as a result of the cuts by the government.
Patients are beginning to pay the price for the Government's mismanagement of the NHS. It is unacceptable that more people are waiting more than four hours in A&E, more people are waiting more than 18 weeks for an operation and more urgent operations are being cancelled.
Every day more evidence comes to light showing that Ministers have lost Labour's firm grip on the NHS. The Government has thrown the health service into turmoil with its confused policies and chaotic management.
The time has come for the Government to halt its destabilising NHS reorganisation and let it focus on what matters: maintaining standards of patient care.
The latest US growth figures report the US economy is now 0.7% above its pre-crisis peak, while the UK is now 3.8% below. The US economy is growing steadily while the UK economy is stalling and families across the country are paying the price for the wrong economic policies.
The US Government has taken a more balanced and steady approach to deficit reduction up to now and they have more than recovered all the output lost in the global recession, while in Britain we are still almost 4% below our pre-crisis peak. And since Tory Chancellor, George Osborne’s spending review in the autumn of 2010 our economy has grown by just 0.3% while the US has grown by 2.2% over the same period.
While the US growth figures compare favourably to Britain, policymakers in America are rightly concerned and debating what more they can do to boost jobs and growth. Yet here in Britain the Conservative-led government has sent our economy into reverse and is set to borrow £158 billion more than planned, but complacently insist they are going to plough on regardless.
Of course we need tough decisions on tax, spending and pay, but to get the deficit down we also need to get our economy moving and get people off benefits and into work. David Cameron and George Osborne have eight weeks until the Budget to learn that lesson and change course.
The Tory-Lib Dem government has cut too far and too fast. People in Maghull, Crosby and Formby needs jobs and a growing economy, which is why a tax on bankers' bonuses should be introduced to pay for jobs for young people and for building of new homes. We need to get the economy growing again and we can follow the lead of the American government by investing in just that.