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Experts back the Tory assault
Rashid Razaq17.10.08
ECONOMISTS today backed David Cameron's forthright attack on Gordon Brown's economic legacy for worsening the financial crisis.
City analysts said the speech had restored credibility in the Conservatives, who had been overshadowed by the Government's well-received bail-out plan. Erik Britton, director of Fathom Financial Consulting, said: "Labour's fiscal policy has been a failure. Cameron is right to highlight the failure to build up a surplus in a period of growth and the lack of regulation of the financial services and housing market."
Howard Wheeldon, city analyst with BGC Partners, said: "Cameron certainly came out fighting and whilst some of his specific ideas lack meat they lack no merit. This was an excellent display of political intention and leadership and it fully deserves to win the day.
"Cameron appears intent to leave certain changes that Brown imposed in 1997 alone but as yet he has said little as to how he would stimulate the economy."
Reader views (8)
Oh well so two of his financial friends from the city approve, but then they would wouldn't they.
- Val Daniels, Mijas Costa. Spain
Yes some of these bankers should be heading for jail
and preferably extradition to the USA for bigger sentances. Gordon Brown should be going down with them for first destroying pension savings and then inciting an ubsustainable boom.
Incidentally it was artificially low interest rates (politically inspired) that helped this prblem arise so lets not have any more talk of lowering them again. There are plenty of ordinary people who are net savers.
- Tom Ward, England - 'oop North
Bankers had their noses in the trough for years, and still don't seem to be able to take any responsibility for the mess the created. They just take "early retirement / medical retirement and a fat pay off for creating a nightmare.
- David, London
I would have more respect for David Cameron if I thought that he would have done anything better. It's like listening to a lemming complaining about the height of the cliff !!
- Richard, LONDON
Err, two economists back Camoron or appear to. Brown appears to have won the support of economists throughout the EU and US. Still along way to go David. What are your policies?
- Steve, London
The City,Banks,Building Societies,Companies etc...for the last 11 years have all had to operate under the regulations specified by the FSA.Brown personally "invented" the FSA and as chancellor controlled its actions.Now he is blaming everyone but himself.He is not a man to be trusted or believed ! ! !
- Dr Michael John Parkinson, Tewkesbury, ENGLAND
Gordon Browns bank proposals have not dealt with credit default swaps
Until banks and other financial institutions have resolved that unregulated situation there can be no normality in inter bank lending and no stability in the Stock market
- Alex Pomeroy, London
Would these be the same City Aces who got us into this mess? Perhaps people in the City should keep their mouths shut until they can explain what went wrong and why the dishonest City specialists who caused it aren't in Wormwood Scrubs. I expect John Redwood agrees with them.
- Arthur Atkins, Brentford
