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Cameron calls for economy rethink Cameron calls for economy rethink
(10 minutes later)
Conservative leader David Cameron has called for a "new economic strategy" to help the UK's companies create jobs and 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 demanded a better transport infrastructure and improved education system to enable firms to trade more efficiently at home and abroad.He demanded a better transport infrastructure and improved education system to enable firms to trade more efficiently at home and abroad.
In his speech Mr Cameron said his party 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".
He accused Gordon Brown's government of "do-nothing dithering". But Labour accused the Tories of "soundbite economics".
'Dynamism''Dynamism'
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.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.
"Not the old bureaucratic interventionism, but a new economic dynamism."Not the old bureaucratic interventionism, but a new economic dynamism.
"Not old-fashioned subsidies for hand-picked favourites, but modern support for enterprise and wealth creation."Not old-fashioned subsidies for hand-picked favourites, but modern support for enterprise and wealth creation.
"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."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.
"That is the kind of plan we need to help Britain ride out the global downturn and build the foundations for future economic success.""That is the kind of plan we need to help Britain ride out the global downturn and build the foundations for future economic success."
'Fewer regulations'
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.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."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."
A Labour Party spokesperson said: "This is more soundbite economics from David Cameron.
"With global economic instability facing the UK, David Cameron's unfunded tax plans represent a threat to mortgage rates and jobs.
"While the Labour government will always put stability first, the Tories' recklessness would put Britain's economy at risk yet again."