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Brown outlines 'long-term' plans Brown outlining 'long term' plans
(about 1 hour later)
The prime minister is due to lay out his long-term economic policies in an attempt to shrug off recent controversies and poor poll ratings. Gordon Brown is setting out long-term economic policies as he seeks to regain the political initiative after recent controversies and poor poll ratings.
In an address to the CBI, Gordon Brown is expected to pledge extra spending on transport infrastructure and energy, including nuclear power stations. In a speech to business leaders at the CBI, the prime minister will back the expansion of Heathrow and more spending on energy, including nuclear power.
Britain must "leave behind the old policies of yesterday", he will add.Britain must "leave behind the old policies of yesterday", he will add.
His speech follows criticism of ministers' handling of the Northern Rock crisis and missing data discs.His speech follows criticism of ministers' handling of the Northern Rock crisis and missing data discs.
'Better tomorrow''Better tomorrow'
BBC political correspondent James Landale said the speech would show Mr Brown attempting to put behind him recent setbacks. The speech is being seen as an attempt by Mr Brown to put recent setbacks behind him.
The government has been attacked over the decision to lend Northern Rock more than £24bn in emergency funding from the Bank of England.The government has been attacked over the decision to lend Northern Rock more than £24bn in emergency funding from the Bank of England.
Britain as a world financial centre must be readily accessible from around the world Gordon BrownBritain as a world financial centre must be readily accessible from around the world Gordon Brown
It has also faced stern criticism after two computer discs containing 25 million Child Benefit claimants' details went missing from HM Revenue and Customs.It has also faced stern criticism after two computer discs containing 25 million Child Benefit claimants' details went missing from HM Revenue and Customs.
And on Sunday, three opinion polls - published in the Sunday Telegraph, News of the World and Mail on Sunday - suggested confidence in Labour had been shaken.And on Sunday, three opinion polls - published in the Sunday Telegraph, News of the World and Mail on Sunday - suggested confidence in Labour had been shaken.
But in his address to the CBI's annual conference in London, the prime minister is expected to insist that his strategy will "serve us better tomorrow".But in his address to the CBI's annual conference in London, the prime minister is expected to insist that his strategy will "serve us better tomorrow".
This will include delivering a third runway at Heathrow Airport and reducing carbon dioxide emissions by at least 60% by 2050.This will include delivering a third runway at Heathrow Airport and reducing carbon dioxide emissions by at least 60% by 2050.
It is thought he will also launch fresh proposals for welfare reform to get more people into work.It is thought he will also launch fresh proposals for welfare reform to get more people into work.
"Long-term reforms will intensify and be stepped up," Mr Brown will promise."Long-term reforms will intensify and be stepped up," Mr Brown will promise.
"We know also that even as we place strict environmental limits on noise and air pollution and ensuring aviation pays its carbon costs we have to increase capacity at our airports, particularly Heathrow."We know also that even as we place strict environmental limits on noise and air pollution and ensuring aviation pays its carbon costs we have to increase capacity at our airports, particularly Heathrow.
"Our prosperity depends on it. Britain as a world financial centre must be readily accessible from around the world.""Our prosperity depends on it. Britain as a world financial centre must be readily accessible from around the world."
He is also expected to announce that the planning system will be streamlined so that it will be easier to build homes and nuclear power stations.He is also expected to announce that the planning system will be streamlined so that it will be easier to build homes and nuclear power stations.
But in an address to the conference on Tuesday, Conservative leader David Cameron is expected to attack the government's proposed changes to Capital Gains Tax as "incompetent".But in an address to the conference on Tuesday, Conservative leader David Cameron is expected to attack the government's proposed changes to Capital Gains Tax as "incompetent".
'Mixed signals''Mixed signals'
In his pre-budget report, Chancellor Alastair Darling outlined plans to replace CGT taper relief with a flat 18% rate.In his pre-budget report, Chancellor Alastair Darling outlined plans to replace CGT taper relief with a flat 18% rate.
Mr Cameron will focus on the role played by Mr Darling, whom the Tories have also singled out for criticism over Northern Rock and the Child Benefit data loss.Mr Cameron will focus on the role played by Mr Darling, whom the Tories have also singled out for criticism over Northern Rock and the Child Benefit data loss.
The Tory leader will say of Mr Darling: "First he announced a £900m tax increase on the most productive sector of the economy.The Tory leader will say of Mr Darling: "First he announced a £900m tax increase on the most productive sector of the economy.
"Second, this announcement was made with no prior warning or consultation. And third, since then we have had nothing but confusion and mixed signals.""Second, this announcement was made with no prior warning or consultation. And third, since then we have had nothing but confusion and mixed signals."
In a further address to the conference, Liberal Democrat leadership candidate Nick Clegg will accuse Mr Darling and the prime minister of putting economic stability at risk.In a further address to the conference, Liberal Democrat leadership candidate Nick Clegg will accuse Mr Darling and the prime minister of putting economic stability at risk.
He is expected to say: "On too many issues, this government is just getting it wrong."He is expected to say: "On too many issues, this government is just getting it wrong."