TORY CUTS TOO FAR, TOO FAST

For Immediate Release – Monday 4 October 2010

Attn:     NEWS DESKS

            POLITICAL CORRESPONDENTS

SNP RESPONSE TO OSBORNE SPEECH

Commenting following the speech by Chancellor George Osborne to the Conservative party conference today (Monday), SNP Treasury spokesperson Stewart Hosie MP warned that the scale and ferocity of the cuts planned by Tories and the Liberal Democrats endangered the Scottish recovery.

Mr Hosie said:

“Labour ran up the massive debt, and the hard and fast cuts George Osborne proposes are the wrong decision for Scotland, threatening our recovery.

“The damaging approach being taken by the ConDem Coalition underlines the urgent need for the Scottish Parliament and Government to achieve economic powers and financial responsibility - to boost economic growth, jobs and build the Scottish recovery.”

ENDS