Gordon Brown Fights Back Over Deficit Accusations

Recent conservative claims that Gordon Brown is completely rejecting the deficit have been vehemently denied by Mr. Brown. The Tories claimed that Brown has been ignoring the problem purely based on political issues and David Cameron stated that the Labour party had no right or excuse to not start cutting back on the budget deficit.

Brown shout back by stating how fragile the recovery process is and that certain cuts and a lack of spending would put a serious damper on job opportunities and growth. He believes that his banking background and the actions he took during the banking crisis give him the ability to make the right decisions, and not be bullied by Cameron and the Conservatives.

At the moment the liberal democratic party is prosing a 10 billion pound cut in spending and a spokesperson for the treasury let it be known that failure to bring the deficit under control is going to be a serious matter in the long run. The parties have been battling for quite some time over the issue and monthly press conferences have seen ideas, insults, and arguments thrown about on a regular basis. Aside from this, Brown stated that there was a consensus in the parliament in terms of supporting the economy in this uncertain time.

He continued by saying that people calling for cuts now are just going to put the economic recovery at risk, and parties that want policies to withdraw stimulus are risking the recovery in a way that the Labour party never would.

The Conservatives are very open about how they would cut spending much harder and faster than is being done at the moment. In fact they have gone so far as to say that they would halve the deficit if they were in power for one term. George Osborne stated that he would cut the deficit within the next Parliament while Mr. Cameron would not go as far as to say how, why, and when he would cut the deficit.

The Labour party has been open saying that premature cuts would send the UK back into a recession and have more people dealing with debt management plans and bankruptcy than they do right now. Even without the spending there is word that the last three months of 2009 resulted in positive growth, which is a good sign for Brown and his party. However, Cameron jumps back and points out that the deficit is going to rise to 178 billion pounds this year, which is a staggering number which will be quite hard to climb back from.

What many UK consumers are hoping for is to see a pre-election budget from each party. Looking at how each party would tackle the deficit and cut spending would be one of the best ways to see who has the ability to help fight back against the recession without sending things in the opposite direction that is wanted. Brown has stated that the Labour party will put out a tough yet positive budget, but it remains to be seen if that is enough to have Cameron and Osborne cut back on their dislike of his approach.