John Denham MP, Labour’s Shadow Business Secretary, commenting on David Cameron’s refusal to sack Lord Young, said:
"David Cameron is wrong to protect his friend Lord Young. Lord Young's comments show he is not fit to be a senior government adviser and David Cameron's point blank refusal to fire him shows how out of touch his government is. This government are the same old Tories.
"It is shameful that the government's own appointed ambassador to small business could express such crass, insensitive and ignorant remarks at a time when small businesses up and down the country are suffering and the government fails to get bank lending going. That David Cameron doesn't see this is a misjudgement on a par with billing the taxpayer for his vanity photographer."