Wednesday 1 July 2009

UK's Brown: Wrong To Have Spending Review Now

UK's Brown: Wrong To Have Spending Review Now

LONDON -(Dow Jones)- U.K. Prime Minister Gordon Brown said it would be "completely" wrong to go ahead with a spending review at this stage.

Brown's comments were made during the weekly question and answer session in parliament.

His comments echo similar remarks from Chancellor of the Exchequer Alistair Darling and Business Secretary Peter Mandelson in recent days.

The two main political parties have been trading blows in recent days over future spending plans, with the opposition Conservative party accusing Brown's Labour party of deceit over spending plans.

They have said the government's decision not to go ahead with a planned spending review for the 2011-14 period is designed to avoid admitting a future Labour government would have to cut public spending.

An election must be held by mid-2010.

Brown again said that day-to-day current spending "will rise and continue to rise."

He said Conservative calls for constraining spending as soon as this year would result in thousands being left jobless.

Conservative leader David Cameron said Brown wasn't "being straight with the British public."

-By Laurence Norman, Dow Jones Newswires; 44-207-842-9270;

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires

July 01, 2009 08:06 ET (12:06 GMT)

Copyright 2009 Dow Jones & Company, Inc.

Dow Jones

No comments:

Post a Comment