In the short run,
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David Cameron referred to this briefly in his economy speech last week, but Clegg describes this much more explicitly as a fresh government commitment. From the top of government,
cnnhkids, a few weeks ago we decided this was the route we're going to take. That's the instruction we've issued to the Treasury.Clegg is talking about the government using its balance sheet to inject credit into the economy by issuing lending guarantees. As I understand it,
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The event,
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2.54pm: I'm finishing a bit earlier than usual today. It's been quiet, but we'll make up for it once the conference season starts. The Liberal Democrat conference starts on Saturday, after lunch,
www.ytcgzx.net, and I'll be back then covering all the conference action on this blog.In the meantime, here's an afternoon summary.? Ed Miliband has written to David Cameron demanding that he correct "inaccurate" claims he made at PMQs about job creation and growth. The details are on the Labour party website. (If Miliband reads my blog from yesterday he will find out how Cameron will reply,
cnnhkids.com, because Labour aides raised these points with the media on Wednesday afternoon and Number 10 responded.)? Nick Clegg has said that Britain has made plans in case the eurozone crisis gets much worse.
They're not.? Balls said sorry for Labour's failure to regulate the banks properly. Asked if he would stand up and say sorry, he replied: "Yes, I have and I will. The banking crisis was a disaster. All around the world banks have behaved irresponsibly, but regulation wasn't tough enough. We were part of that. I'm sorry for that mistake. I deeply,
www.cnnhkids.com, deeply regret it." He made a similar comment in the Commons recently. But his apology only covered banking regulation. He did not apologise for spending too much. Balls said that he accepted that Labour, like every government, did not spent every pound of public money well. But he said he did not agree with the Tory claims that Labour spending caused the crisis.
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