Cameron’s apology on economy
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.David Cameron has apologised for his failure to spot that Britain was lurching into an economic crisis.
He admitted yesterday that a "cosy economic consensus" shared by the main parties had allowed the rise of risky lending, record borrowing and poor regulation. In a move designed to wrongfoot Gordon Brown, who has repeatedly refused to apologise for the failures of the Labour Government to prevent the recession, Mr Cameron said that politicians could only regain the trust of the public by admitting mistakes.
"Of course I'm sorry that we have got some things wrong, we were right to call time on government debt but should we have said more about banking debt and corporate debt? Yes," he said. "Actually saying sorry is the easy bit. The difficult bit is for politicians to look back and say, 'Right, where did I go wrong?'"
In a speech to the British Chamber of Commerce, he said that the next government needed to "make a clean break" with the policies of the past. He said that while his party had flagged up rising public sector debt, it "could have warned more" over the mounting debts of banks.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments