This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.

You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/uk_politics/8710071.stm

The article has changed 7 times. There is an RSS feed of changes available.

Version 1 Version 2
Cameron to outline economy plans Cameron to outline economy plans
(39 minutes later)
David Cameron will outline plans to "transform" the economy in his first major speech as prime minister.David Cameron will outline plans to "transform" the economy in his first major speech as prime minister.
Mr Cameron, who will speak at an event in Yorkshire, will claim the economy has been heading in the wrong direction under Labour for years.Mr Cameron, who will speak at an event in Yorkshire, will claim the economy has been heading in the wrong direction under Labour for years.
He will also talk of rebalancing the economy in favour of manufacturing, business and the private sector.He will also talk of rebalancing the economy in favour of manufacturing, business and the private sector.
The prime minister will stress the need to cut the £156bn deficit and get people back into work. He told GMTV critics of a planned rise in capital gains tax (CGT) should "calm down a bit and wait for the Budget".
Mr Cameron is expected to say that his government intends to spread economic growth across regions and industries and end the "inevitability" of millions on long-term welfare. Some of his own senior Tory MPs have attacked the planned rise on non-business CGT - which could see second home sales taxed at a rate of 40% or 50% - as a tax on the middle classes.
It comes a day after Work and Pensions Secretary Iain Duncan Smith said Britain's welfare system is "trapping" poor people in poverty as he unveiled the government's Welfare Reform Bill. 'Be calm'
BBC political correspondent Reeta Chakrabarti says Mr Cameron is expected to lay out the government's broad economic priorities, attack the legacy left by Labour and outline the changes he hopes to introduce. But Mr Cameron urged them to wait for the Budget. He told GMTV: "People don't yet know what our proposals are. Everyone's getting a bit ahead of themselves on this issue."
He will say the economy has become too dependent on the public sector, over-focussed on the City at the expense of manufacturing, and with too many people reliant on welfare. He added: "We have to be calm about this because in a coalition there are inevitably going to be arguments and discussions about tax policy and other policies. And sometimes these will happen much more in the open than in the past."
But while Mr Cameron will set out his longer term aspirations, the issue of potential tax rises and spending cuts will not be mentioned until the Budget next month, our correspondent said. The decisions we make now will live with us for decades to come. For many years we have been heading in the wrong direction David Cameron
'Unbalanced economy' On Thursday Lib Dem Business Secretary Vince Cable insisted the coalition government was not split over the planned CGT rise - adding it would help fulfil the Lib Dem aim of bringing more "fairness" to the tax system.
He told the BBC: "It's very important that we have wealth taxed in the same way as income."
In his speech on Friday Mr Cameron will stress the need to cut the £156bn deficit and get people back into work.
Spending cuts
He is expected to say that his government intends to spread economic growth across regions and industries and end the "inevitability" of millions on long-term welfare.
Work and Pensions Secretary Iain Duncan Smith has said Britain's welfare system is "trapping" poor people in poverty.
Mr Cameron will argue that the economy has become too dependent on the public sector, over-focused on the City at the expense of manufacturing, and with too many people reliant on welfare.
But although he will set out his longer term aspirations, the issue of potential tax rises and spending cuts are not expected to be mentioned until the Budget next month.
In his speech, Mr Cameron will say the country is at a "turning point".In his speech, Mr Cameron will say the country is at a "turning point".
"The decisions we make now will live with us for decades to come. For many years we have been heading in the wrong direction," he will say."The decisions we make now will live with us for decades to come. For many years we have been heading in the wrong direction," he will say.
"Our economy has become more and more unbalanced, with our fortunes hitched to a few industries in one corner of the country, while we let other sectors like manufacturing slide."Our economy has become more and more unbalanced, with our fortunes hitched to a few industries in one corner of the country, while we let other sectors like manufacturing slide.
"It has become over-reliant on welfare, with mass worklessness accepted as a fact of life and around five million people now on out-of-work benefits."It has become over-reliant on welfare, with mass worklessness accepted as a fact of life and around five million people now on out-of-work benefits.
"It has become increasingly hostile to enterprise, with business investment in the past decade growing at around 1% each year - only a quarter of what it was the decade before."It has become increasingly hostile to enterprise, with business investment in the past decade growing at around 1% each year - only a quarter of what it was the decade before.
"It has become far too dependent on the public sector, with over half of all jobs created in the last 10 years associated in some way with public spending.""It has become far too dependent on the public sector, with over half of all jobs created in the last 10 years associated in some way with public spending."