PM Gordon Brown has Left Britain "Bust", say Tories
Shadow Chancellor George Osborne has today blasted Prime Minister Gordon Brown as "having left Britain bust". He was speaking at the Tory Conference in Birmingham.
BIRMINGHAM (AFP) — The Conservatives blasted Prime Minister Gordon Brown Monday over his handling of the economy, saying Britain is now "bust" and presenting themselves as a government-in-waiting.
Shadow Chancellor George Osborne told the centre-right party's conference that Brown, in his 10 years as finance minister, had allowed British households to borrow more than any country in Europe.
Brown had also let Britain build up the biggest budget deficit of any economy "in the developed world," leaving it poorly placed in the current global economic crisis, Osborne said.
"We forgot that an economy built on debt is not an economy built to last," he told party supporters in Birmingham. But now, "the credit has dried up, the engines of the economy have stalled, the party is over.
"The boom is over and the bust has come," he said.