The British prime minister has rejected criticism of record levels of government borrowing – calling it “the right policy” in the current economic crisis.
Gordon Brown faced accusations in parliament by the opposition Conservatives who asked him why “the cupboards were bare” in times of need.
The exchange came as a new opinion poll showed Brown’s handling of the global credit crisis has significantly eroded the Tories’ lead in opinion polls.
Other figures released on Monday revealing overall net debt has risen to record levels came at the right time for the opposition.
And things do not look set to improve in the near future with recession setting in and finance minister Alastair Darling warning that borrowing will need to rise as the economy slows.