Budget Response

Budget Response

David Cameron& 146;s response to the Budget statement

Responding to the Chancellor's Budget statement today, David Cameron said:

"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.

As of today, any claim they have ever made to economic competence is dead. Over. Finished.

This Chancellor has just told us he will be doubling the national debt.

He's planning to borrow £348 billion over the next two years.

That's more - over just those two years - than every previous Government put together.

Not just every Government since World War Two, or even since World War One, but every Government since the Bank of England was first founded, more than 300 years ago.

This Prime Minister has certainly got himself into the history books.

He's written a whole chapter in red ink: Labour's Decade of Debt.

The Chancellor rattled through those figures for borrowing.

So let me read them slowly.

The Government is set to borrow £175 billion this year, followed by £173 billion then £140 billion then £118 billion.

That means that over a four-year period Britain will now be borrowing £606 billion.

They talk about child poverty.

With debt like that, our children are going to be in poverty for decades.

It is a staggering amount. And the price will be paid not by the incompetent ministers who got us into this mess, but by families and businesses up and down the country.

And they will never forgive the people that have done this.

Britain simply cannot afford another five years of Labour.

And even these figures are massaged.