Page last updated at 12:37 GMT, Wednesday, 2 November 2011

PMQs: Cameron and Miliband clash over economy

The economy has once again dominated exchanges at prime minister's question time in the House of Commons.

At PMQs on 2 November 2011, opposition leader Ed Miliband asked David Cameron if he though the latest growth figures pointed to "success or failure of his economic plan".

Mr Cameron said the 0.5% growth was "better than expected" and criticised Mr Miliband for not welcoming the news.

The prime minister added: "There is a global storm in the world economy today and it is in our interest to help others confront that global storm but we have also got to keep the British economy safe.

"We won't keep it safe if we add to our deficit, add to our debt and put interest rates at risk."

But Mr Miliband accused him of shifting blame for the UK's economic woes first on Labour and then on the global situation, remarking: "When things go wrong it's never anything to do with him."

The Labour leader used his next questions to ask about the Business Growth Fund - which Mr Miliband claimed had only helped two business to date - and a report that suggested directors' pay rose by 50% over the last year.

He accused David Cameron of letting the top 1% "get away with it" and not doing enough on fair pay.

Mr Cameron hit back attacking Labour's record in office and adding that the government was consulting on a series of steps to "bring responsibility to the boardroom".

He remarked: "We are a little bit wary about accepting lectures from a party that told us they were intensely relaxed about everyone getting filthy rich, a party that had a capital gains tax system so people in the city actually paid less tax than their cleaner.

"I know he's forgotten all these things, we remember them, and we've done something about it."

* We are sorry that Susan Elan Jones, Labour MP for Clwyd South, is incorrectly captioned as Helen Jones, Labour MP for Warrington North, in the video of the session above.

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