David
Cameron has said the world is on the brink of a second global economic
disaster, six years after the crash that "brought the world to its
knees".
Writing in
The Guardian, he said that while the UK had fastest growing economy in the G7
group of countries, it was impossible "insulate ourselves completely"
from global disaster.
"As I
met world leaders at the G20 in Brisbane, the problems were plain to see,"
Mr Cameron said.
"The
eurozone is teetering on the brink of a possible third recession, with high
unemployment, falling growth and the real risk of falling prices too.
"Emerging
markets, which were the driver of growth in the early stages of the recovery,
are now slowing down.
"Despite
the progress in Bali, global trade talks have stalled while the epidemic of
Ebola, conflict in the Middle East and Russia’s illegal actions in Ukraine are
all adding a dangerous backdrop of instability and uncertainty."
Issuing his
stark warning, Mr Cameron said that it was not only "clearer than ever how
vital it is that we stick to our long-term plan at home" but that Britain
must continue to play a role on the international stage "on which our
economic security also depends".
Reacting to
the Prime Minister's warning, Labour disputed the suggestion that Coalition
economic policies have worked for Britain, highlighting Sir John Major's
comments that "none of the growth in the economy has yet reached wage
packets or salary slips".
Shadow
Treasury chief secretary Chris Leslie said: "David Cameron claims his
policies are working, but as even Sir John Major admits, most people still
aren't feeling the recovery.
"Working
people are £1,600 a year worse off under his Government, borrowing is going up
so far this year and exports have fallen behind our competitors.
"David
Cameron should be trying to strengthen growth and make sure working people
finally benefit from it, not making excuses for slower growth.
"Only
Labour's economic plan will deliver a recovery for the many, not just a few at
the top. And we'll balance the books, but do so in a fairer way by reversing
David Cameron's tax cut for millionaires."
(Πηγή:
independent.co.uk)
