Vince Cable, in his role as Business Secretary, has approved the grant to Nissan to develop electric, low emission cars that was initially announced by the last government. Prime Minister Cameron announced last week that the £20 million grant will go ahead. The announcement was important in the North East where the work on developing and hopefully building the vehicles will take place.
There is a bit of a lesson for Labour in this matter. Since the formation of the Coalition, the "socialist" brethren have come out against every cut, and have also implied that a review of previous spending proposals means that they will automatically be cut. The announcement of last week means Labour could be described as scaremongering. There will be cuts soon but not every spending decision by Labour will be axed. That won't stop Labour claiming the axe is falling anyway.
Sent via BlackBerry