Chancellor George Osborne and the Bank of England have given up on promoting economic growth and current police could cause "irreparable damage", Alistair Darling has warned.
In an open letter, published in the Sunday People, the Labour MP said Osborne should "take urgent action to promote growth". However, the government said Darling presided over the country's biggest post-war deficit as Chancellor and failed to regulate banks effectively. Darling said the coalition should spend more on homes, railways and a third Heathrow runway, the BBC reports. "Your policies since 2010 simply haven't worked, you need another plan - call it plan B, call it whatever you like," the letter said. Darling added low interest rates meant it is "just the time to kick-...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes