Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-20-Speech-4-131"
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"en.20100520.16.4-131"2
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"Mr President, I welcome this report on public finances. It is a vast improvement on the first draft.
High debt and deficit levels are a grave concern to the UK and across many Member States. We must wean ourselves off fiscal stimuli and quantitative easing, and these should not be the accepted norm. There is a need to focus on overcoming our high unemployment levels now and reducing the tax burden on employment and SMEs. Resources are scarce and we agree that, where money is available, it should be directed to growth boosting investments, such as R&D and greener, smarter innovation. Finally, we cannot hide from our issue of ever-ageing populations. Pension schemes must be transparent and taken into account when looking at public debt.
There are some issues that I was wary of in this report. Migration, for example, needs to be handled sensitively. It can meet certain gaps in the labour force but must be controlled and take into account local factors. Yes, I agree that European problems do need European solutions, but we must be aware of the global economy and must respect the fundamental powers of our national governments too."@en1
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