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Ed Miliband: Eurozone debt crisis 'a cloak' for Cameron | Ed Miliband: Eurozone debt crisis 'a cloak' for Cameron |
(40 minutes later) | |
The government is using the eurozone crisis as a smokescreen to hide inaction on the economy, Ed Miliband has said in a speech. | The government is using the eurozone crisis as a smokescreen to hide inaction on the economy, Ed Miliband has said in a speech. |
His comments come as markets continue to be volatile as Greece and Italy wrestle with their debt problems. | His comments come as markets continue to be volatile as Greece and Italy wrestle with their debt problems. |
The Labour leader accused the prime minister of using the crisis as a "cloak" while leaving jobs, homes and businesses "in jeopardy". | The Labour leader accused the prime minister of using the crisis as a "cloak" while leaving jobs, homes and businesses "in jeopardy". |
A Number 10 spokesman insisted the government was taking positive action. | A Number 10 spokesman insisted the government was taking positive action. |
In recent days both Italy and Greece have made steps towards stabilising their politics and implementing austerity measures. | In recent days both Italy and Greece have made steps towards stabilising their politics and implementing austerity measures. |
Greece has signalled it will now accept a bailout package. | Greece has signalled it will now accept a bailout package. |
But Mr Miliband told a Labour Party conference at Warwick University in Coventry: "It is time David Cameron and George Osborne started taking responsibility for what is happening in the British economy. | |
"There is an urgent and pressing need for the crisis in the eurozone to be resolved. | "There is an urgent and pressing need for the crisis in the eurozone to be resolved. |
"But when people's jobs, homes and businesses are in jeopardy it is not enough for the prime minister and the chancellor to use the eurozone crisis as a cloak to hide their lack of action." | "But when people's jobs, homes and businesses are in jeopardy it is not enough for the prime minister and the chancellor to use the eurozone crisis as a cloak to hide their lack of action." |
Mr Miliband claimed Japan - which suffered a major earthquake and nuclear disaster this year - was the only major world economy to have seen slower growth than the UK. | Mr Miliband claimed Japan - which suffered a major earthquake and nuclear disaster this year - was the only major world economy to have seen slower growth than the UK. |
He concluded: "Our growth stalled and problems started before the eurozone crisis escalated. | He concluded: "Our growth stalled and problems started before the eurozone crisis escalated. |
"But David Cameron and George Osborne are still sitting on their hands at home refusing to admit they are wrong." | "But David Cameron and George Osborne are still sitting on their hands at home refusing to admit they are wrong." |
But the government said it was acting, including creating tens of thousands of apprenticeships. | But the government said it was acting, including creating tens of thousands of apprenticeships. |
It says its aim is to leave the UK with the most efficient tax system in the G20, with tax for businesses being cut to encourage growth. | It says its aim is to leave the UK with the most efficient tax system in the G20, with tax for businesses being cut to encourage growth. |
However, Prime Minister David Cameron has said he would not rule out a "double-dip" recession in the UK as a result of events in Europe. | However, Prime Minister David Cameron has said he would not rule out a "double-dip" recession in the UK as a result of events in Europe. |
Economy 'the priority' | Economy 'the priority' |
On Friday he said: "These are very worrying times. | On Friday he said: "These are very worrying times. |
"There's real turbulence in the markets, real question marks over whether countries can deal with their debts and a big question mark over the future of the eurozone. | "There's real turbulence in the markets, real question marks over whether countries can deal with their debts and a big question mark over the future of the eurozone. |
"But above all my priority has got to be to keep the British economy safe, and make sure we come safely through the storm." | "But above all my priority has got to be to keep the British economy safe, and make sure we come safely through the storm." |
Mr Cameron added: "Our responsibility is to do everything we can to help the economy grow, to help businesses to employ people, to help encourage investment - and that's exactly what we're doing." | Mr Cameron added: "Our responsibility is to do everything we can to help the economy grow, to help businesses to employ people, to help encourage investment - and that's exactly what we're doing." |
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