Gordon Brown spoke to the Wall Street Journal about the debts the UK treasury is facing and how his government - the Labour Party - is taking actions to decrease the amount of money that will need to be paid in the future.
Mr. Brown also answered to the accusations that the governor of the Bank of England Mervyn King made yesterday, the BBC News website has reported today.
Mr. Brown referred to the accusations made by Mr. King saying that he and his government would do whatever it takes to push the UK out of crisis and recession. Saying this, Mr. Brown made clear that he would take more budgets if necessary.
Mr. Brown is on a tour in the American continent, talking to top economic leaders trying to get to agreements to help the UK and the many American countries get out of the global crisis they are going through. Mr. Brown will visit other South American countries such as Chili and Brazil.
The BBC News website reported: "Mr. Brown, who dismissed claims that the UK's central Bank was at odds with him over a further stimulus package, said there was a 'determination' among world leaders to do 'whatever it takes to make sure we can restore the economy to growth'."Yesterday the governor of the Bank of England Mervyn King said that the UK does not need to adopt many more budgets simply because it would harm the UK's economy. Mr. King made clear that the UK need not get in deeper debts. This accusation hit the British PM on a very delicate time due to the fact that Mr. Brown was at a European Union meeting at the time Mr. King spoke about this matter.
The Conservative Party have many times before stated that taking more budgets is not a solution to the economic crisis, but at the same time they have failed to express one. Yesterday they congratulated the governor of the Bank of England, Mervyn King, for the declarations he made to Gordon Brown yesterday.The Mail Online reported today: "The Tories, who have repeatedly warned about the size of the national debt, called Mr. King's intervention a 'defining moment in the political argument on the recession'."
It is very brave to tell the leader of such a country like the UK what he (Mr. Brown) should and shouldn't do when you are not his position. But it is a totally different thing when you tell the leader of a country what he shouldn't do and at the same time you show him and his party the solution, and this is where Mr. King and the whole conservative party are failing.
The conservative party congratulated Mr. King when he said yesterday that the UK need not need more budgets because the country would dramatically go on deeper debts. Even the conservative party itself have declared the same thing many times before, but what do they have to say to solve the problem?The UK is passing through a very difficult time and a very strong crisis and Mr. Brown knows that the UK needs another budget and believes that the UK will be able to get out of this crisis and pay back the debts once the situation gets better. There is no other way, the budget needs to be taken, and as long as the UK does not rely on budgets, the debt will not be that hard to pay back afterwards.
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Gordon Brown's profile (Wikipedia):
Mervyn King's profile (Wikipedia):
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Labour Party's profile (Wikipedia):
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