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02/12/2009
PM's Question's Centre On Recession
Gordon Brown defended his predictions on the length and depth of the UK recession during a heated Prime Minister's Questions today.
Opposition leader David Cameron said the government's forecasts were wrong, suggesting the UK was the only leading world economy still in contraction.
Mr Brown suggested Spain was a G20 member that had still not experienced growth, despite the country not officially being represented in the Group of Twenty Finance Ministers and Central Bank Governors.
Next week the UK Chancery will publish its last pre-Budget report before the 2010 general election.
Tory Mr Cameron asked the Prime Minister if figures suggested Great Britain is the last G20 nation - a group made up of the most industrious countries - to come out of recession.
"No they don't confirm that. Spain is a member of the G20 now and it is in recession now," Mr Brown responded.
Despite not being an official G20 member, Spain has been invited to some key economic meetings, including a recovery summit in London earlier this year.
Chancellor of the Exchequer Alastair Darling has predicted UK economic growth at "the turn of the year".
Mr Cameron again attacked the government over its previous claim it had put an end to "boom and bust" economics, and the British financial system "leading the World" out of recession. He said the UK had instead been "left behind".
"The fact is it that it his policies which have given us the longest and deepest recession in our history," said Mr Cameron.
The Prime Minister accused the Conservatives of rejecting a string of measures designed to bolster recovery, including the financial stimulus plans and rescue of the banks.
"They have been wrong on the recession. They will be wrong on the recovery," he said.
Mr Brown dismissed the Tory leader's personal economic philosophy, stating: "The voice may be that of a modern public relations man. The mindset is that of the 1930s."
(PR/BMcC)
Opposition leader David Cameron said the government's forecasts were wrong, suggesting the UK was the only leading world economy still in contraction.
Mr Brown suggested Spain was a G20 member that had still not experienced growth, despite the country not officially being represented in the Group of Twenty Finance Ministers and Central Bank Governors.
Next week the UK Chancery will publish its last pre-Budget report before the 2010 general election.
Tory Mr Cameron asked the Prime Minister if figures suggested Great Britain is the last G20 nation - a group made up of the most industrious countries - to come out of recession.
"No they don't confirm that. Spain is a member of the G20 now and it is in recession now," Mr Brown responded.
Despite not being an official G20 member, Spain has been invited to some key economic meetings, including a recovery summit in London earlier this year.
Chancellor of the Exchequer Alastair Darling has predicted UK economic growth at "the turn of the year".
Mr Cameron again attacked the government over its previous claim it had put an end to "boom and bust" economics, and the British financial system "leading the World" out of recession. He said the UK had instead been "left behind".
"The fact is it that it his policies which have given us the longest and deepest recession in our history," said Mr Cameron.
The Prime Minister accused the Conservatives of rejecting a string of measures designed to bolster recovery, including the financial stimulus plans and rescue of the banks.
"They have been wrong on the recession. They will be wrong on the recovery," he said.
Mr Brown dismissed the Tory leader's personal economic philosophy, stating: "The voice may be that of a modern public relations man. The mindset is that of the 1930s."
(PR/BMcC)
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