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Cameron calls for economy rethink Cameron calls for economy rethink
(about 4 hours later)
Conservative leader David Cameron is to call for "a new economic strategy" to help the UK's companies create jobs as well as opportunities to succeed. Conservative leader David Cameron has called for a "new economic strategy" to help the UK's companies create jobs and opportunities to succeed.
He is expected to demand better infrastructure for firms in areas such as transport, to move goods around, and education, to nurture new talent. He demanded a better transport infrastructure and improved education system to enable firms to trade more efficiently at home and abroad.
He is to use a speech in the City to explain how he would create "the best place in the world to do business". In his speech Mr Cameron said his party would create "the best place in the world to do business".
And he will say excessive bureaucracy has marred Labour's time in government. He accused Gordon Brown's government of "do-nothing dithering".
"At this time of great economic uncertainty and unease, people are looking to their government for one simple thing," Mr Cameron is expected to say at the breakfast meeting with senior city figures. 'Dynamism'
"Reassurance the government knows what it's doing. That it has a plan to steer our economy through the present turbulence into more stable and prosperous conditions." Mr Cameron said: "We need a new economic strategy to help our companies create jobs, wealth and opportunity; to attract the best and most productive firms to Britain and keep them here.
'Fewer regulations needed' "Not the old bureaucratic interventionism, but a new economic dynamism.
He will accuse Gordon Brown's government of being "simply unable to provide this", having been responsible for "dithering and delay instead of decisive action" on the international credit crisis. "Not old-fashioned subsidies for hand-picked favourites, but modern support for enterprise and wealth creation.
And he is expected to cite problems encountered by pharmaceutical and technology firms from his Witney and West Oxfordshire constituency as examples of ways in which transport links could be improved. "Rather than the do-nothing dithering and the economic incompetence of Labour, we need a new economic dynamism to make Britain the best place in the world to do business.
"Witney doesn't have a railway station and is connected to the nearest city, Oxford, by just a single-carriage road," the Tory leader is to say. "That is the kind of plan we need to help Britain ride out the global downturn and build the foundations for future economic success."
Mr Cameron cited problems encountered by pharmaceutical and technology firms in his Witney and West Oxfordshire constituency as examples of ways in which transport links could be improved.
"Witney doesn't have a railway station and is connected to the nearest city, Oxford, by just a single-carriage road," the Tory leader said.
"Local businesses there don't just need economic stability; they don't just need lower tax and fewer regulations."Local businesses there don't just need economic stability; they don't just need lower tax and fewer regulations.
"They need the infrastructure, in the broadest sense of the word, to succeed. They need good transport links so they get their goods up and down the country and beyond.""They need the infrastructure, in the broadest sense of the word, to succeed. They need good transport links so they get their goods up and down the country and beyond."