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George Osborne refuses to reveal cost of Libyan operations

Posted By admin On June 22, 2011 @ 3:36 am In World News | Comments Disabled

Allegra Stratton,
London Guardian [1]
June 22, 2011

George Osborne has refused to be drawn on the cost of the Libyan intervention, following comments at the weekend by Danny Alexander that it would reach “hundreds of millions” of pounds.

The chancellor and his chief secretary to the Treasury, both present in the Commons, were pressed to confirm the figure by the shadow chancellor, Ed Balls, during Treasury questions. Balls said that in March the government had said the operation would cost “tens of millions not hundreds of millions”. Instead it was announced there will be a Ministry of Defence statement next week.

On Sunday Alexander told Sky News: “The campaign is costing tens of millions, potentially into the hundreds of millions as it goes on, but that money is coming from the reserve that we have set aside, precisely for contingencies such as this.”

When the military campaign started, the chancellor said the cost would be “in the order of tens of millions of pounds, not hundreds of millions”.

Full article here [1]

George Osborne refuses to reveal cost of Libyan operations  030511banner3 [2]

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URLs in this post:

[1] London Guardian: http://www.guardian.co.uk/politics/2011/jun/21/george-osborne-refuses-reveal-cost-libya-operations

[2] Image: http://www.stansberryresearch.com/pro/1103PSIEOAVD/PPSIM375/PR

[3] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

[4] George Osborne: UK has run out of money: http://www.prisonplanet.com/george-osborne-uk-has-run-out-of-money.html

[5] Bilderberg 2011: George Osborne attending as chancellor: http://www.prisonplanet.com/bilderberg-2011-george-osborne-attending-as-chancellor.html

[6] Europe has six weeks to find debt crisis solution, warns Chancellor George Osborne: http://www.prisonplanet.com/europe-has-six-weeks-to-find-debt-crisis-solution-warns-chancellor-george-osborne.html

[7] Bailout of eurozone countries will cost us billions more, Osborne admits: http://www.prisonplanet.com/bailout-of-eurozone-countries-will-cost-us-billions-more-osborne-admits.html

[8] George Osborne accused of lobbying on behalf of banks for weaker regulation: http://www.prisonplanet.com/george-osborne-accused-of-lobbying-on-behalf-of-banks-for-weaker-regulation.html

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