RFT Express

Pre Budget cuts

Nick Clegg experienced the pain in the first round of cuts; the £2 billion cuts included the £80 million government loan axed for Sheffield Forgemasters in his bordering constituency. The giant factory secured a £80million loan from the Labour Government, to make Sheffield Forgemasters a world leader in forging high tech giant steel reactor cores, currently only available from Japan. With 80% of this production being exported, and an expanded workforce, Sheffield Forgemasters felt the deal was good value money . They received a phone call confirming the loan had been withdrawn, just minutes before Danny Alexander announced it in Parliament.

Nick Clegg the Deputy Prime Minister said “The truth is that this loan was promised by the outgoing Labour Government as a calculated ploy to win support in Sheffield just ahead of the election, when they knew all along that there simply wasn't the money to keep to that pledge in first place.” 

£80 million for a seat in Parliament, has Nick Clegg been converted to the Tory mud throwing policy? Maybe that was part of the deal to gain power. Thank Goodness we’ve got Open and Fair Government

David Cameron said it was right to review the decisions that were taken very close to the election by the last government."There was a suspicion that while some of these decisions might have been good decisions, not all of them were good decisions and not all of them were good value for money. .. Read the Full Article

Vic Farron RFT Express.
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