Harriett Baldwin spoke this weekend to her local party about the dangers of quantitative easing, or printing money now.

In a speech to a packed Annual General Meeting of the local Conservative party at Welland Village Hall Harriett Baldwin said, "Quantitative easing is a fancy word for printing money. The Conservative Party has been saying it should be a last resort. This is true, but we are far from being in a position where it should be deployed in Britain. Instead it is a last resort for this desperate Labour government facing a General Election within the next 15 months. That is why they are starting printing money now, while consumer prices are still over the Bank of England's target - without any parliamentary debate. Printing money at a time when consumers are not experiencing deflation; when the pound has devalued dramatically in the last twelve months; when the amount of government borrowing has risen sharply runs risks with inflation. Printing money is an extremely addictive drug which will be very hard and very painful to stop." "