Osborne blames euro debts for killing off UK recovery
Monday 11 June 2012
George Osborne told the eurozone leaders yesterday that the continuing crisis in the British economy is their fault. Hopes of a British economic revival are being "killed off" by events across the Channel, he claimed.
His remarks were ridiculed by his Labour counterpart, Ed Balls, while a prominent Conservative backbencher also rejected the Chancellor's claims.
Writing in yesterday's Sunday Telegraph, Mr Osborne warned that the deal to rescue Spain's banking system would not be sufficient to end the threat to the UK economy. "Our recovery ... is being killed off by the crisis on our doorstep," he said. "That's why a resolution of the eurozone crisis would do more than anything else to give our economy a boost."
Ed Balls retorted: "It's deeply complacent and out of touch for George Osborne to blame Europe for a double-dip recession made in Downing Street." On his blog yesterday, Douglas Carswell, the Tory MP, wrote: "It is not the eurozone crisis that we should blame for our awful economic performance, but the almost total absence of domestic economic reform, coupled with the Treasury's absurd belief that monetary stimulus can engineer growth."
* Voters overwhelmingly believe there should be a referendum on Britain's relationship with the EU, according to a poll by Populus for The Times. It found 82 per cent supported the plan.
- 2 General Election 2015: 14-year-old boy asks Nick Clegg – 'can you kill Katie Hopkins?'
- 3 University student in court for allegedly covering housemates' food in window cleaner and spit
- 4 Ryan Gosling posts tribute to 'Ryan Gosling Won't Eat His Cereal' creator Ryan McHenry
Italian police 'reveal' what Jesus looked like as a young boy
Mysterious 'X-Files' sounds heard miles above the Earth
Garland shooting: Isis claims attack on Prophet Mohamed cartoon contest in Texas as its first action on US soil
Met Gala 2015: Beyoncé manages to out-skimp Rihanna, Miley and Kim Kardashian combined with near-naked ensemble
General Election 2015: Photographic history of Bullingdon Club tracked down - including new picture of David Cameron in his finery
In defence of liberal democracy
Over 50,000 families shipped out of London boroughs in the past three years due to welfare cuts and soaring rents
EU asylum policy is 'a direct threat to our civilisation', says Nigel Farage
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
General election live: SNP suspends two members for disrupting Labour rally
£13676.46 - £16411.61 per annum + OTE: SThree: SThree Trainee Recruitment Cons...
£18000 - £22000 per annum + training: Ashdown Group: Business and Marketing Gr...
£20000 - £25000 per annum + Commission: SThree: Are you great at building rela...
£20000 - £22000 per annum + excellent benefits: Ashdown Group: Application Sup...