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Cameron attacks Brown's economic failure

Conservative leader David Cameron said on Friday the financial crisis showed Prime Minister Gordon Brown's economic record was an utter failure, signalling the end of a tacit truce with the government.

  • Agencies
  • Published: 12:25 October 17, 2008
  • Gulf News

London: Conservative leader David Cameron said on Friday the financial crisis showed Prime Minister Gordon Brown's economic record was an utter failure, signalling the end of a tacit truce with the government.

Cameron said the Conservatives had backed Brown's plans to recapitalise banks with billions of pounds of taxpayers' money but that did not mean they would support the government blindly.

"Some people think that this decision, to support recapitalisation, means that we somehow now subscribe to the government's entire economic policy and doctrine," he said in a speech in London.

"Let me make it crystal clear, we do not."

Cameron said the economic assumptions that Brown made over the last decade now lay in ruins.

"The complete and utter failure of their economic record has never been more clear to see," he added.

"This crisis has highlighted just how mistaken Labour's economic policy has been."

Brown's standing with voters has risen in recent weeks as he has worked to tackle the fallout of the global credit crunch.

The Conservatives remain ahead in the polls but had until now avoided attacking Brown on the economy for fear of looking opportunist.

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