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How is Brown going to pay for his borrowing binge?

Wednesday, November 19 2008

David Cameron

At Prime Minister’s Questions, David Cameron asked Gordon Brown how he was going to pay for his planned “borrowing binge”.

David stressed that the Conservatives have chosen spending restraint in the face of the economic downturn, and said that by deciding to increase public borrowing, Labour have gone for tax rises instead.

The Chancellor, Alistair Darling, the Business Secretary, Peter Mandelson, and the Welfare Minister, Tony McNulty, have all indicated that taxes will have to rise as a result of Labour’s plans to borrow even more money.

David asked Gordon Brown whether he agreed with them – and when the Prime Minister ducked the question, David quoted Gordon Brown as Chancellor saying unfunded tax promises don’t add up as they mean tax cuts before an election and tax rises after.

David then asked the Prime Minister that though he may not agree with his Chancellor, his Business Secretary and his Welfare Minister, “Does he at least agree with himself?”

David Cameron

David was elected Leader of the Conservatives in December 2005, on a mandate to change the Party and change the country.

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It's Your Money Launch

George Osborne launches 'It's Your Money' (Photo credit: Steve Back - www.politicalpictures.co.uk)

Shadow Chancellor, George Osborne and Shadow Cabinet Office Minister, Francis Maude, launched a consultation on a series of proposals, entitled It's Your Money, designed to create a new culture of financial discipline across Government.