Conservative Parliamentary spokesman for Norwich South, Antony Little, has spoken out strongly against Labour’s handling of the economy whilst stating what the Conservatives would have done instead. He said that despite there being political consensus over the recapitalisation of the banks, the truth of Labour’s failed economic policy should not be hidden.
Speaking to a group of UEA politics students, Councillor Little said that Gordon Brown had failed to regulate public and private debt in Britain. He promised that the Conservatives would fix “our broken economy” with a responsible fiscal policy bolstered by independent oversight and a renewed role for the Bank of England.
Councillor Little said: “The country will not forget that it was the Prime Minister who stripped the Bank of England of its powers to supervise the City, that it was he who actively encouraged the risk-taking culture in our banks and that he promised time and again that he had abolished boom and bust.”
He said: “We need a responsible attitude to economic development that fosters more balanced economic growth. Labour accuses us of talking Britain down, but it is this Labour government which has brought Britain down. Only the Conservatives are offering the change that Britain needs.”
