Liberal Democrat Shadow Business Minister Lorely Burt has dubbed
Gordon Brown the Jean Luc Picard of British politics and called on
Ministers not to end many of the schemes that have been helping
businesses get through the recession.
Speaking to Business Voice WM - at an event jointly organised by
Forrest Research and Birmingham Business School - the Solihull MP
was scathing.
She declared: "Gordon Brown is acting like Jean Luc Picard in
Star Trek where he says 'Make it so'."
And, in reference to Government plans for an Act of Parliament
that would seek to cut the national deficit in half, she added: "It
is barking mad to think you can legislate out of your
problems."
Ms Burt called for a series of Government schemes - that are
aimed to help businesses get through the recession - to
continue.
She said: "The Government has refused to change the timing of
its VAT increase. The Federation of Small Businesses says the
change should occur from February 1 to help the January sales. I
agree.
"The top up credit insurance scheme is due to end on December
31. The car scrappage scheme is due to end at the end of February.
The first year capital allowances scheme is due to end at the end
of April. I have asked the Government for certainty about these
schemes.
"I have urged the Government to continue the Enterprise Finance
Guarantee scheme. The automotive assistance programme has not
worked. Jaguar Land Rover was messed about by officials and it
realised this was not worth the candle and got funding from
elsewhere."
Prof Robert Cressy, of Birmingham Business School, speaking at
the same event, slammed the Financial Services Authority (FSA) for
not properly overseeing the growth of self certified mortgages,
which, he claimed was leading to "the UK's sub prime crisis".
He added: "The FSA must shoulder much of the blame. Self
certified mortgages (SCMs) are inherently risky as marginal
borrowers could not get loans on the basis of standard income
assessments. The FSA either didn't know the extent of SCMs or, more
likely, was under the illusion that the property bubble would never
burst."
Business Voice WM is helping to develop action plans for the
construction and textiles sectors which should be ready by the end
of the year.
But BVWM Executive Director, James Watkins cautioned: "Too many
businesses are having problems exporting to key European Union
markets and the United States because of the difficulties in
getting export credit insurance.
"While the Government has acted with a letters of credit scheme
for developing countries, the lack of action in getting the credit
insurance market moving again for developed countries could delay
the export led recovery that this country so sorely needs."