BUDGET '09: Cameron attacks economic 'mess' in Budget

clock

The Conservative leader has savaged the Government's predictions of an economic upturn, and blamed Labour for ruining the UK's finances.

Speaking after Alistair Darling's Budget announcement, David Cameron claims the Treasury's debt and economic predictions were flawed. "Everyone can see what an utter mess this Labour government has made of the British economy," Cameron says. He says public debt will double in the next four years, with approximately £606bn of new debt over a six year period. Despite Darling predicting debt would begin to fall within four years, Cameron says his claims are based on an 'unrealistic' recovery to 3.5% GDP growth by 2011. The Tory leader warned of the future consequences of labour's 'deca...

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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Retirees shun financial advice and take DIY approach to finances

Retirees shun financial advice and take DIY approach to finances

Four in five of over 55s who have retired, did so without financial advice

Sahar Nazir
clock 29 April 2024 • 1 min read
More than money: Putting your clients on the right track

More than money: Putting your clients on the right track

'In truth, financial advice is so much more than just money'

Roger Brosch
clock 29 April 2024 • 4 min read
Plugging the support gap in retirement 'not FCA's role'

Plugging the support gap in retirement 'not FCA's role'

Majority of professionals say FCA should not have to plug support gap

Sahar Nazir
clock 29 April 2024 • 1 min read