Commenting on George Osborne’s address to Tory party conference, Liberal Democrat Shadow Chancellor, Vince Cable said: 

“This set of deficit reduction proposals is Lib Dem Lite. The sum total amounts to nothing more than a drop in the ocean and will not deal with the structural deficit.

 “What is more, Osborne has in effect guaranteed that these policies will merely pave the way for a return to traditional Tory politics – hitting the public sector now to pay for tax cuts for millionaires later.

“Only the Liberal Democrats have made a commitment to bringing public spending under control whilst making taxes fairer across the board.”