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Cathy Jamieson MP, Labour’s Shadow Treasury Minister, responding to comments on the economy today by Lord Forsyth and Mark Garnier MP, said:

 “These senior Conservatives have exposed the total complacency about the economy we have seen all week from David Cameron and George Osborne.   

“While the Chancellor claimed low interest rates were thanks to the success of his policies, a senior Tory member of the Treasury select committee has said the economy is in a very poor state and that is why interest rates are at record lows. And while George Osborne claims his plan is working, a former Conservative cabinet minister says he’s just sitting there waiting for something to turn up.

“When even their own MPs cannot hide the fact that the Government’s policies aren’t working, it’s time Ministers woke up and changed course. We need action to kick-start the economy and we need it now.”

 

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