British Opposition vows to work with Government to protect economy

Britain's Conservative party leader vowed Tuesday that the major opposition is to work with the Labour Government to protect the country's ailing economy.

"We are ready at a time of national difficulty to put aside differences to help bring stability and reassurance," Tory leader David Cameron told his party's ongoing annual conference. He reiterated his party's principle of protecting taxpayers, stabilising the economic system and helping "the Government do the right thing for the sake of our economy and for our future financial security."

To protect the economy, Cameron proposed that legislation be passed to enable the Bank of England to rescue failing banks, and to protect people's savings and deposits and ensure quick payouts.

He also pressed for moves to break the self-fulfilling cycle that is reducing bank's ability to lend.

The current financial crisis in Britain has brought the two parties together at least in working on more financial regulations and supervision to the banking sector.

Nonetheless, the Conservatives believe that although bankers must be asked to pay for their mistakes, the financial services industry, which many people depend on for their livelihood, should not be "trashed" as a result of the financial crisis.

BIRMINGHAM, Britain, Xinhua