Conservative sums do not stack up

10.40.00pm GMT Mon 4th Jan 2010

Vince Cable, Lib Dem Shadow Chancellor, in Chelmsford with Stephen Robinson

Conservative Leader David Cameron has decided to stick with his proposed tax cut for the super rich and says that it will be paid for by taxing those not officially living in Britain. Commented Liberal Democrat Shadow Chancellor Vince Cable MP: "It's unbelievable that the Tories are still planning to cut taxes for a handful of millionaires - when the majority of people across the country are feeling the squeeze. We need fair tax cuts that put money back in the pockets of ordinary people.

"The Tory sums simply do not stack up. It is irresponsible and highly misleading for George Osborne to continue to pretend that they do. If Osborne and Cameron can't get these simple sums right how can they possibly be trusted to run the economy."