David Cameron said that any claim Labour have ever made to economic competence is “dead, over, finished” following the Budget.
He stressed that Labour are planning to borrow more over the next two years than every previous Government put together - and he accused Gordon Brown of writing a “whole chapter” of Britain’s history “in red ink”:
"Today everyone can see what an utter mess this Labour Government and this Labour Prime Minister have made of the British economy: the fastest rise in unemployment in our history; the worst recession since World War Two; and the worst peacetime public finances ever known."
Britain is set to borrow £606 billion over the next four years, and David warned that families and businesses across the country will be paying off Labour’s debt for years to come.
“Britain simply cannot afford another five years of Labour.”
David stressed that Labour’s attempts to deal with the recession have failed, and pointed to the mortgage support scheme, which was announced five months ago but still hasn’t helped a single homeowner.
He condemned the Budget as a “missed opportunity” and said it should have been used to help Britain move from "an economy of borrow and spend to an economy of save and invest".
He stressed, “The fundamental truth is that all Labour Governments run out of money. The last Labour Government gave us the Winter of Discontent. This Labour Government has given us the Decade of Debt. The last Labour Government left the dead unburied. The one leaves the debts unpaid."
See what we would have done in the Budget
Read David's response to the Budget in full