UK's Labour warns of 'chaos' if Cameron wins election

Campaigning in Britain's closest national election in decades will start on Monday after Queen Elizabeth dissolves parliament at Cameron's behest, teeing up an unusually fraught battle to govern the $2.8 trillion economy.

UK's Labour warns of 'chaos'  if Cameron wins election

World Bulletin / News Desk

 Britain's opposition Labour leader Ed Miliband will say on Monday that Prime Minister David Cameron's pledge to hold a referendum on European Union membership will subject business to two years of chaos if the Conservatives win the election.

Cameron, whose Conservatives are neck and neck with Labour in most polls, has promised to renegotiateBritain's EU ties ahead of a referendum by the end of 2017 if he wins on May 7.

In a full-page advert in the Financial Times newspaper on Monday featuring quotes from business leaders,Labour warns the threat of a British exit from the EU is "The biggest risk to British business".

"There could be nothing worse for our country or for our great exporting businesses than playing political games with our membership in Europe," Miliband will say at a speech in London later on Monday, according to extracts released in advance.

"It is a recipe for two years of uncertainty in which inward investment will drain away, two years of chaos in which businesses will not be able to plan for the future, and two years of wasted opportunities for progress, for profit, for prosperity: a clear and present danger to British jobs, British business and British prosperity."

Cameron, whose party is better trusted to run the economy according to opinion polls, will on Monday warn that aLabour government risked "economic chaos" and would put up taxes.

 

Last Mod: 30 Mart 2015, 10:55
Add Comment