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BUDGET 2010: Cameron slams “pitiful” budget

Conservative leader David Cameron (pictured) has slammed the Government’s “pitiful” economic plans, adding that all Labour has achieved is “debt, waste and taxes”.

Speaking in parliament following Chancellor Alistair Darling’s budget presentation, Cameron said Labour has previously rubbished it’s own plans to cut stamp duty for first time buyers.

He said: “The centerpiece of this budget, the stamp duty cut, has already been torpedoed by a Treasury minister. This is what the economic secretary said about this policy: ‘Raising stamp duty to the threshold of £250,000 would not be an effective use of public money.’ First they denounce it then they embrace it.”

Cameron also slammed Darling for not highlighting the increased trade deficit and falling business investment.

He said: “Here are some of the things they didn’t tell us in the budget. They boasted about trade, but they didn’t tell us that on page 171 of the red book it says the trade deficit has actually risen by £7bn.

“They told us about investment, but they didn’t tell us that on page 169 it says that business investment is actually falling by 5 per cent this year.

“We need real action to get our economy moving and urgently. We need a credible plan to deal with Britain’s record debt, starting now, and we need to show the world we are back and open for business.”

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Comments

There are 2 comments at the moment, we would love to hear your opinion too.

  1. Conservative’s idea of raising stamp duty in 2007 would have fuelled even higher booming property prices – now it makes sense to stop prices crashing. It is a shame, however, that it only applies for first time buyers and therefore may be ineffective at keeping the market buoyant as it is also a struggle for those to move from 1 bed shoe boxes into something you can actually swing a cat in.

  2. yes! but it is very short term , JUST LIKE THIS GOVERNMENT , where is the future plan? for house purchase for our young people, Not I feel with Mr Darling.

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