Budget 09: Cameron slams Labour's decade of debt
Opposition leader slams doubling of debt to £348bn
Opposition leader David Cameron’s response to the Budget castigated the
government’s doubling of national debt to £348bn over the next two years to a
figure larger than that achieved by every other government put together.
Cameron warned that the chancellor’s forecast public sector net debt of
£606bn over the next four years was likely to be too optimistic. He noted that
the Red Book shows that the figures are based on consumer spending returning to
“pre-boom” levels by 2011.
Cameron slammed the chancellor’s correction in GDP growth forecasts from -1%
in the Pre-Budget Report in November to the -3.5% figure presented in the
Budget.