Cameron: We'll Fire Up British Economy; Prime Minister Unveils Plans to Boost Housing

Article excerpt

DAVID Cameron has unveiled plans to boost house-building and help council tenants buy their homes, which he said would help "fire up the engines of the British economy".

Mr Cameron's comments, at the start of the Conservative annual conference in Manchester, came amid growing signs of Tory unease at the sluggish pace of economic growth.

But the Prime Minister insisted he would not "tear up" his tight deficit-reduction plans, warning that even a few billion pounds of extra spending would put the UK's low interest rates at risk.

He also sought to rein in activists on Europe and tax cuts, stating he would not support a referendum on Britain's membership of the EU and making clear that early reductions in tax are not a priority. Meanwhile chancellor George Osborne announced new enterprise zones in Lancashire and East Yorkshire to help deal with the impact of defence giant BAE Systems' plans to slash 3,000 jobs.

The Tory faithful were greeted in Manchester by a TUC-organised march against cuts, which brought about 30,000 vocal but peaceful protesters onto the streets of the city. …