BusinessCompany NewsPBR: Letwin dubs Brown ‘Sir Waste-A-Lot’

PBR: Letwin dubs Brown 'Sir Waste-A-Lot'

Shadow chancellor Oliver Letwin has said the Gordon Brown's 'golden rule' - that the government will borrow only for investment over the cycle - has become 'alchemy in reverse'.

‘The golden rule has turned to dross in his hands,’ Letwin said, adding that the chancellor was ‘isolated’ in his assertion that the government was on target to meet his own rules.

Citing expenditure of £1,000 on chairs at the Ministry of Defence, he lampooned Brown’s claims prudence.

‘This is not the holy grail. He’s not Sir Lancelot but Sir Waste-A-Lot,’ he said.

He also said that the Labour government had spent, and wasted, £1bn on management consultants, with many public sector services failing.

‘The government has management consultants working, but the public sector isn?t.’

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