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Focus on UK economy, say Tories Focus on UK economy, say Tories
(about 13 hours later)
Gordon Brown should concentrate on easing "truly horrific" levels of UK debt following the G20 summit, Tory leader David Cameron has said.Gordon Brown should concentrate on easing "truly horrific" levels of UK debt following the G20 summit, Tory leader David Cameron has said.
He told the BBC that parts of the deal reached by world leaders, such as increasing funding to the International Monetary Fund, had been "right".He told the BBC that parts of the deal reached by world leaders, such as increasing funding to the International Monetary Fund, had been "right".
But the "focus should switch back to our domestic economy" because many were "suffering", Mr Cameron added.But the "focus should switch back to our domestic economy" because many were "suffering", Mr Cameron added.
But the government said the G20 deal would "help shape the world's destiny".But the government said the G20 deal would "help shape the world's destiny".
The communique issued by world leaders meeting at the ExCel centre in east London calls for countries to give $500bn to the IMF to lend to struggling economies and pledges $250bn to boost world trade.The communique issued by world leaders meeting at the ExCel centre in east London calls for countries to give $500bn to the IMF to lend to struggling economies and pledges $250bn to boost world trade.
'Act now''Act now'
It also proposes $250bn for a new IMF "overdraft facility" countries can draw on and $100bn that international development banks can lend to poorest countries.It also proposes $250bn for a new IMF "overdraft facility" countries can draw on and $100bn that international development banks can lend to poorest countries.
Mr Cameron said: "Giving more money to the IMF to help countries in trouble, that is right; not going further on trade and getting the Doha round started with a timetable, I think that's wrong.Mr Cameron said: "Giving more money to the IMF to help countries in trouble, that is right; not going further on trade and getting the Doha round started with a timetable, I think that's wrong.
"But now the focus should switch back to our domestic economy, because small businessmen needing a loan to keep their businesses going, they are still suffering."But now the focus should switch back to our domestic economy, because small businessmen needing a loan to keep their businesses going, they are still suffering.
"And our public finances here in Britain, the level of our deficit, is truly horrific and we need to act on that, and act on that now, here in Britain.""And our public finances here in Britain, the level of our deficit, is truly horrific and we need to act on that, and act on that now, here in Britain."
In the House of Commons, shadow chancellor George Osborne said the G20 agreement would seem "very remote" for most people and would not prevent the UK getting £1tn into debt.In the House of Commons, shadow chancellor George Osborne said the G20 agreement would seem "very remote" for most people and would not prevent the UK getting £1tn into debt.
He told MPs the lack of a call for a new fiscal stimulus in the document "vindicates" opponents of the government's plans, including his party and the governor of the Bank of England, who last questioned the possibility of increased spending to kick-start the economy.He told MPs the lack of a call for a new fiscal stimulus in the document "vindicates" opponents of the government's plans, including his party and the governor of the Bank of England, who last questioned the possibility of increased spending to kick-start the economy.
Mr Darling said: "The truth is Britain will be clearing up for the economic mess left by this government long after the G20 show leaves town." Mr Osborne said: "The truth is Britain will be clearing up for the economic mess left by this government long after the G20 show leaves town."
For the Liberal Democrats, Treasury spokesman Vince Cable said this was "evidently a failure" for Prime Minister Gordon Brown's calls for more countries to adopt such a policy.For the Liberal Democrats, Treasury spokesman Vince Cable said this was "evidently a failure" for Prime Minister Gordon Brown's calls for more countries to adopt such a policy.
He also said: "The prime minister and chancellor must deserve some credit... They would deserve more credit if they didn't jump up the importance [of the G20] before the meeting."He also said: "The prime minister and chancellor must deserve some credit... They would deserve more credit if they didn't jump up the importance [of the G20] before the meeting."
Mr Darling said: "In total we have agreed over one trillion dollars of additional support for the world economy - and this will support trade, growth and jobs."Mr Darling said: "In total we have agreed over one trillion dollars of additional support for the world economy - and this will support trade, growth and jobs."
He added: "I think what was achieved today will be seem as an important step forward, as long as what we agreed is implemented."He added: "I think what was achieved today will be seem as an important step forward, as long as what we agreed is implemented."
But Mr Darling also said: "This shows what the UK can do to shape the world's destiny."But Mr Darling also said: "This shows what the UK can do to shape the world's destiny."