Cameron: The only way is austerity
PRIME Minister David Cameron will today reject a return to “something for nothing economics” as he rules out abandoning the Government’s austerity plan.
In a speech to business leaders in Manchester this morning he will criticise those calling for the Government to focus less on cutting public spending and more on stimulating growth.
“Yes, we are doing everything we can to return this country to strong, stable economic growth. But no, we will not do that by returning to the something for nothing economics that got us into this mess,” he will say.
“We cannot blow the budget on more spending and more debt. It would squander all the progress we’ve made in these last two, tough years. It would mean more austerity, for even longer. It would risk our future.
“It’s not an alternative policy, it’s a cop-out.”
Mr Cameron’s speech follows the election of new French President Francois Hollande who has urged European leaders to make growth a priority.
And while he will stress the challenges still faced in cutting the UK’s deficit, he will look to sound a more positive note by pointing to yesterday’s improved unemployment figures and insisting that the UK is “well on the way” to better times.
Today the Prime Minister will also echo his warning in the Commons yesterday that the Eurozone is at a “cross roads”.
