Youre to Blame for Our Broken Economy, Rattled Cameron Tells Brown; David Cameron: He Said That Labours Economic Policies Had Been an Utter Failure Gordon Brown: Praised for Bold Bail-Out Plan

Daily Mail (London), October 18, 2008 | Go to article overview

Youre to Blame for Our Broken Economy, Rattled Cameron Tells Brown; David Cameron: He Said That Labours Economic Policies Had Been an Utter Failure Gordon Brown: Praised for Bold Bail-Out Plan


Byline: Michael Lea

THE Tories desperately sought to undermine Gordon Browns renewed popularity yesterday with a concerted attack on his economic record.

In a choreographed move, David Cameron and George Osborne both signalled an end to the political truce over the financial crisis.

The Tory leader used a speech to the City to tell Mr Brown that he cannot hide from his mistakes a message which was echoed by the Shadow Chancellor in a radio interview.

They blamed the Prime Minister personally for Britains broken economy, saying that he had allowed debt and borrowing to spiral out of control.

The intervention showed that the Tories have been stung by recent plaudits for Mr Browns handling of the financial crisis.

Earlier this month, Mr Cameron and Mr Osborne rose above the political fray to offer the Government support for its ?500billion bail-out of the banking system.

Since then, Mr Brown has enjoyed a bounce in popularity and has been feted at international summits for the widely-copied rescue plan.

With the issue likely to take centre stage for months to come, the Opposition are desperate not to let their previous lead in the polls slip away.

At the London headquarters of Bloomberg yesterday, Mr Cameron said Mr Browns economic policies had resulted in complete and utter failure and his errors had led to the downturn.

The Prime Minister cannot hide from mistakes, he cannot hide from the truth, he said. This crisis has highlighted just how mistaken Labours economic policy has been. The economic assumptions that Gordon Brown made in the last decade now lie in ruins.

Moments earlier, Mr Osborne told the Today programme: When the house is fire, as it was a few days ago when the banking system was near collapse, then we supported the Government. …

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