Monday Apr 08, 201305:51 PM GMT
UK ex-Chancellor slams successor plans
Alistair Darling accused his successor George Osborne of failing to restore growth to Britain.
Alistair Darling accused his successor George Osborne of failing to restore growth to Britain.
Mon Aug 20, 2012 8:48AM
Share | Email | Print
Former British Chancellor Alistair Darling has accused his successor George Osborne of failing to restore growth to Britain’s crippling economy as the nation remains in deep recession.


In an open letter, the ex-Chancellor urged Osborne to understand that the policies pursued by him since 2010 have not worked as Britain, being supposedly one of the world’s richest nations, is still struggling in recession.

Darling said: "You and the Bank of England seem to have given up on any plan for growth. It's as if you're both saying there's nothing you can do and nature must take its course. But the damage that will do to our country is immeasurable. You need another plan. Call it Plan B. Call it whatever you like. But unless you do something now it will be years before we recover."

In his letter, Darling called for more investment in public and industrial projects, such as house building, rail improvements, replacing old power stations and building a new runway at the famously busy and hazardous Heathrow airport.

Moreover, Osborne continues to be pressured into the issue of public-sector cuts that is said to be needed on account of a drop in tax receipts.

BGH/ISH/HE
Comments
Add Comment Click Here
Latest From Britain
  • Today
  • Last Week
  • Last Month
  • Today
  • Last Week
  • Last Month
Follow Us
© Copyright 2012 Press TV. All rights reserved. | About PressTV | Contact Us | Frequencies | Privacy Policy