Treasury chief says threats to quit EU undermine UK's economic revival
Source: The Guardian
Danny Alexander, the chief secretary to the Treasury, on Thursday warned that the UK's nascent recovery would be squandered if the coalition continued to suggest willingness to leave the EU.
He also revealed that the government wanted the spending review, due to be published next month and covering spending in 2015-16, to set out a 10-year horizon for capital expenditure.
He said the Treasury was taking a "zero-based approach" to how capital would be spent over the next decade, with every capital programme up for review.
The 10-year time-frame will be seen by some as a sign that the Tories and Liberal Democrats are willing to set out long-term joint spending plans, despite the differences between the two parties.
Read more: http://www.guardian.co.uk/politics/2013/may/30/treasury-chief-eu-economic-revival
