Downing Street Says » Baroness Vadera

» Wednesday, January 14, 2009

Baroness Vadera

Asked whether the Prime Minister agreed with the comments made by Baroness Vadera earlier that day, the PMS replied that the important point was that Baroness Vadera was underlining the fact that there was a great deal of uncertainty in the economy at the moment and that the Government was doing all it could to see British businesses and families through difficult times.

Put that the Conservative response was that the comments had been insensitive and no one else was suggesting that there were any signs of recovery, the PMS said that if people looked at the comments Baroness Vadera had made, it was clear that she was making the point that there was a great deal of uncertainty in the economy which did have an impact on jobs and businesses. The Government just today, had announced a comprehensive package of measures to free up lending to small and medium businesses that were designed to see British businesses through what were uncertain economic times.

Asked to pinpoint the green shoots of recovery Baroness Vadera had spoken about, the PMS repeated that these were uncertain economic times. There was pressure on jobs, businesses and families. At the same time, you were also seeing some businesses that were expanding their workforces with Morrisons and Tesco making announcements this week.

Asked if the Prime Minister agreed with Digby Jones when he said that people were in danger of talking down the economy, the PMS said that it was the Prime Minister s view that we had to be realistic about the pressures on the global economy and take considered, well thought out action to see British businesses and families through this difficult period.

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