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Cameron calls for Darling to go | Cameron calls for Darling to go |
(20 minutes later) | |
Tory leader David Cameron has called on Gordon Brown to remove Alistair Darling from his job as chancellor because he has "no credibility". | Tory leader David Cameron has called on Gordon Brown to remove Alistair Darling from his job as chancellor because he has "no credibility". |
He also accused the government of "dithering, delay and indecision" over its decision to temporarily nationalise the stricken Northern Rock bank. | He also accused the government of "dithering, delay and indecision" over its decision to temporarily nationalise the stricken Northern Rock bank. |
He said the move had produced an "economic calamity". | He said the move had produced an "economic calamity". |
And it meant the government had "taken out" a second mortgage for all of us, he said in a news conference. | And it meant the government had "taken out" a second mortgage for all of us, he said in a news conference. |
Mr Cameron said his party would not be supporting the nationalisation plans. | |
'Best option' | |
Instead, it would be recommending placing Northern Rock in Bank of England-led administration, to get as much money back for the taxpayer as possible. | |
Mr Cameron spoke out just hours after the prime minister defended the decision to nationalise Northern Rock. | Mr Cameron spoke out just hours after the prime minister defended the decision to nationalise Northern Rock. |
The nationalisation of Northern Rock is a disaster for the British taxpayer, a disaster for this government and a disaster for our country David CameronConservative leader | |
Mr Brown rejected suggestions he had lost his reputation for economic competence, adding that ministers' actions had stopped the Rock crisis spreading and also protected its customers' cash. | |
He said UK economic stability had been maintained and nationalisation was now "the best option" for the taxpayer. | He said UK economic stability had been maintained and nationalisation was now "the best option" for the taxpayer. |
Mr Cameron told reporters: "The nationalisation of Northern Rock is a disaster for the British taxpayer, a disaster for this government and a disaster for our country." | |
Claiming Mr Darling had had "a dreadful six months", he said the chancellor had stolen Conservative ideas to put into his pre-budget report and had overseen a department responsible for losing the details of almost every family in Britain. | |
He said Mr Brown "will have to reconstruct his government". | |
"He will have to move his chancellor. I don't think this chancellor has any credibility left and that's not good for the country and not good for the economy," he said. | |
However, he said Mr Darling should be allowed to continue in his job until emergency legislation to nationalise Northern Rock has been pushed through Parliament. |