Budget “Little more than a holding pattern” warns Carmichael

Alistair Carmichael, MP for the Northern Isles, replying to the Budget has warned that in the event of a no-deal Brexit, the entire economic plan will have to be thrown out, and the Chancellor may find himself giving an emergency Budget as soon as April.

Speaking after the Budget Statement from the Chancellor, Mr. Carmichael said:

“The budget contained some good things for which I had previously called. A freeze on fuel duty and on Scotch Whisky is good news for the Scottish economy, and will be welcomed in the Northern Isles, but the reality is this budget is more of a holding pattern that a credible long term economic plan.

“The Chancellor said it himself that a hard Brexit is likely to force the Government to radically rethink their spending commitments, meaning that if the Tory backbenchers and Labour frontbenchers get their way, we will end up with an emergency Budget in the Spring.

“The Government must work harder to protect the economy from the devastating effects of a hard Brexit.”

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