Marlyn Glen MSP

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Scottish Labour MSP for North East Scotland

Cuts : “Solutions, not Squabbles are Needed”

7 August 2010

Marlyn Glen said today,

“The SNP are still refusing to reveal how it will cut Scottish Government spending in Scotland next year

“The SNP prefer instead to engage in a ceaseless search for others to blame for the country’s current economic condition and for their own failure to honour their broken election promises.

“The current financial state of the country arises from the world-wide banking crisis.

“Irresponsible Scottish-based banks contributed to it by giving sub-prime loans to those in the US who did not have the means to repay them.

“As in other countries across Europe, the Labour Government in the UK injected billions of pounds into banks to prevent them from collapse and in doing so saving the money and jobs of many thousands of Scots.

” Before that, the SNP had called for a ‘light touch regulation’ on the control of banks , complaining that Labour’s approach had taken up ‘huge amounts of management time in gold plated regulation’.

” A separate Scotland could not have found the £37 billion the UK Government used to bail out banks such as the Royal Bank of Scotland, HBOS and Lloyds-TSB

“It’s time that the SNP acknowledged this, and concentrated now on its duty as a Government to make clear where the cuts in its budget will come, focusing on solutions rather than squabbles.”

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