Labour leadership contender slams govt. policy for economic crisis
Britain’s Labour leadership frontrunner has blamed the government of Prime Minister David Cameron for the country’s financial crisis.
Speaking at a rally in support of his candidacy in London, Jeremy Corbyn said crisis is the outcome of the current government’s inability or refusal to face up to the flawed financial system.
He also slammed the Labour for accepting Conservative arguments on the economy and blamed it for May's devastating election defeat.
Corbyn has already unveiled his anti-austerity economic policy.
On Monday, he announced plans to end austerity, tackle growing inequality, crack down on corporate tax dodging and help create a thriving, highly skilled workforce.
Corbyn says his economic policy centers on re-balancing the UK economy to create a more productive, and “prosperity-focused economy.”
Meanwhile, a London-based political commentator has described Corbyn’s economic plan as the most exciting economic program in the UK’s post-war history.
“I think it’s the most exciting economic program that we have seen in the British post-war modern history. I think it’s a budget that will likely meet the economic needs of the country and tackle the growing needs of inequality between the rich and the poor,” Lee Jasper told Press TV’s UK Desk on Tuesday.
He also said the austerity crisis cannot be blamed on David Cameron exclusively.
“I don’t think David Cameron can be exclusively blamed for the austerity crisis. After all, it was a new Labour government that deregulated the banking system…Cameron can have a part to play in the last 5 years. But the bulk of the responsibility would lay with the Labour government… who failed to tackle the crisis amongst the financial institutions,” he concluded.
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