Alistair Darling urges Osborne to come up with 'another plan' over the UK economy
Sunday 19 August 2012
Former chancellor Alistair Darling has urged his successor George Osborne to come up with “another plan” before “immeasurable” damage is done to the UK.
Mr Darling has written an open letter to the Chancellor, published in the Sunday People, in which he says that both men "have Britain's best interests at heart".
However, he continues: "But you and the Bank of England seem to have given up on any plan for growth.
"It's as if you're both saying there's nothing you can do and nature must take its course. But the damage that will do to our country is immeasurable.
"You really must act. And act now. Otherwise it will take years to get Britain's economy growing again to create the jobs we need. The need to get growth going - as the IMF recognises - is desperately urgent."
Mr Darling goes on to tell Mr Osborne that his first budget forecast is "hopelessly off course" and that his policies since 2010 "simply haven't worked".
He suggests "major spending projects" that would see investment in homes, power stations, railways and a third runway at Heathrow Airport.
The letter warns Mr Osborne: "You need another plan. Call it plan B. Call it whatever you like. But unless you do something now it will be years before we recover."
Mr Darling adds that Labour would be happy to work with the Chancellor on key issues like social care and welfare reform, citing youth unemployment as a priority.
Is your name now 'banned' in Saudi Arabia?
Oscar Pistorius trial: Photographs of Paralympian splattered in blood shown in court
Seth Rogen compiles list of all the celebrities he’s got high with
Missing Malaysia Airlines Flight MH370: Satellite ‘pings sent five hours after contact was lost' the only clue in hunt for £160m plane
Missing Malaysia Airlines Flight MH370: Plane's communications were deliberately disabled says prime minister Razak as new radar evidence points to hijacking
Katie Hopkins continues campaign to become Britain's most hated talking head with poorly timed Bob Crow tweet
No EU referendum under Labour: Ed Miliband to reveal that vote on membership is ‘unlikely’ in next Parliament if party wins power
Grace Dent: Who cares if she spells it Barraco Barner? Gemma Worrall is more employable than some bookish arts graduate
Europeans have ‘got whiter’ due to natural selection in past 5,000 years, scientists say
Fracking is turning the US into a bigger oil producer than Saudi Arabia
The rise of Ukip: Study warns Labour that Eurosceptic party's electoral base now 'more working class than any of the main parties'
- 1 Is your name now 'banned' in Saudi Arabia?
- 2 Best films on Netflix: 32 movies that will put an end to your scrolling
- 3 Saving a crushed egg with tape and glue: Why you should care about the kakapo
- 4 Istanbul protesters take 'Ellen selfie' from the back of a police van
- 5 Lady Gaga has struggled with eating disorders in the past, so it's indefensible that she's glamourising bulimia in her SXSW set
£50000 - £60000 per annum: Charter Selection: This well respected and exciting...
£40000 - £50000 per annum: Charter Selection: This exciting company and market...
£40000 - £60000 per annum + EXCELLENT SALARY: Austen Lloyd: Senior Private Cli...
£25,000 to £35,000: IT Connections Ltd: Signal Processing Engineer / Acoustics...