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I'll help families through world economic storm, pledges optimistic Brown

Last updated at 21:23pm on 04.09.08

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Prime Minister Gordon Brown at the BT Convention Centre where he gave a speech during the North West Regional Development Agency Conference

Upbeat: Gordon Brown is cautiously optimistic about Britain's chances of a swift economic recovery

Gordon Brown held out the hope of economic recovery last night as he voiced 'cautious optimism' about Britain's prospects.

His prediction of a short-lived downturn was designed to dispel the damage done by Alistair Darling's gloomy warnings of hard times ahead just days ago.

But it promptly sparked Tory claims that the Prime Minister is at odds with the Chancellor and is glossing over the extent of the difficulties facing the economy.

And it confirmed that the Government has given up hopes of persuading the major energy companies to consider offering low-income customers a rebate on their fuel bills.

Mr Brown used a keynote speech to the CBI in Scotland to flesh out what has been a week devoted to his economic relaunch.

He vowed to wean Britain away from the 'dictatorship of oil' by favouring nuclear and renewable energies.

And he issued a message of defiance against the Scottish National Party by promising to defend the Union at all costs.

But it was his upbeat talk on the economy that was designed to show Mr Brown is focused on the needs of families struggling to cope with climbing food, fuel and housing costs.

Mr Brown tried to repair the damage done by Mr Darling's remarks in a weekend newspaper interview which helped to send the pound plummeting on the foreign exchanges.

The Chancellor caused consternation in Downing Street by suggesting the current economic conditions faced by Britain as the worst for 60 years.


But Mr Brown said: 'Undoubtedly we face a challenging period in the British economy - particularly given our position at the heart of the world's financial markets - and both the Chancellor and I understand the difficulties you face.

'But while never complacent about our economic prospects, I am also cautiously optimistic about the long-term resilience and underlying strengths of the British economy.'

He promised further 'targeted support' for families struggling with rising food and energy bills, with the Government's much-trumpeted package for tackling fuel poverty due to be published at the end of next week.

While people understood that no national government alone could 'put everything right that is creating hardship', he said that they did look to ministers to take action to help them through difficult times.

'We will not let them down,' he said. 'We will do what it takes to bring security to families on modest and middle incomes. And we will ensure that no-one who is prepared to work hard and adapt to change will lose out as a result of global forces.'

Once the current turmoil was over, Mr Brown said that Britain stood to gain as the world economy doubled in size over the coming years.

At the same time, however, the extreme volatility in world oil prices underlined the need for a 'revolution' in the way the country used energy resources, reducing its long-term dependence on oil.

'So today I set a new ambition to free Britain from the dictatorship of oil,' he said.

He announced the approval of a new offshore wind farm near Walney Island, off the coast of Barrow-in-Furness, with 139 turbines making it one of the largest in the UK.

Mr Brown attacked the SNP, warning: 'Set against the global challenges facing us today, the bleak separatist obsession of the nationalists to split Scotland from the rest of the UK looks at best like self-indulgent posturing. At worst like a wilful denial of the realities of the world we live in.'

Shadow Chancellor George Osborne accused Mr Brown of being in denial about his leadership and the economic crisis.

'Gordon Brown says he is cautiously optimistic, while Alistair Darling says the UK’s economic problems will be more profound and longer lasting than people expected,' he said.

'We have a Labour government descending into civil war and a Chancellor and a Prime Minister who publicly disagree on the severity of the problems we face.'


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"Targeted support." So that'll be more tax for those in work to fund the terminally idle - again.

- Paul, London

So he is going to give us handouts, IE our own Tax money back, well, some of it.
Wouldn't it be better if he Reduced Taxes, then we wouldn't need the handouts.
Of course that is not the Way Communists work.
They steal our hard earned wealth then feed us enough scraps back to keep us from rising up.

- Adrian Peirson, Luton Britain

So he'll borrow even more money, repayable by future generations, to solve a problem he has created by borrowing money which is repayable by future generations.
Yup, now I see how his supporters call him a prudent, towering intellect - not!
You couldn't make it up.

- Lickyalips, Richmond, Surrey

Hello London,
The PM lives in Downing Street, and we all live in Drowning Stand no life lines to be found.
Good Luck everyone its going to be a rough winter, by the way Merry Christmas from Gordon Brown and his team G.B. and have a prosperous New Yeah... haha!
Has anyone seen "Sid" yet?.

- John L., Scarborough N.YKS.

Billions given to private banks to "help" them through the tough times, but apparently there is no money available for the most vulnerable?

Mad Brown, Balls, et alia, still at it.

- Frank, Home Counties, England.

No doubt the "targeted support" will be for immigrants and the Scots.

- Dereck, London

Why not help now, Brown. Get out, you're a total failure.

- Lezli Taubler, London/UK

Is this man for real? you couldn't make it up could you.

- Pat, sussex

The man is an idiot. Sadly we have an idiot running the country.

- Fly, london


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