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