Breaking News

Family Dollar Board Rejects Proposal From Dollar General
Tweet TWEET

Cameron Adviser Young Quits After Saying Britons `Never Had It So Good'

David Young, a Conservative lawmaker who was advising U.K. Prime Minister David Cameron on the government’s relationship with small businesses, resigned over “inaccurate and offensive” comments he made about the economy.

Young, who had a desk in the prime minister’s London office, told the Daily Telegraph newspaper in an interview published today that the “so-called recession” left most Britons better off as a result of low interest rates and that in the future “people will wonder what all the fuss was about.”

“He was very quick to retract completely what he said. It was unacceptable,” Cameron told reporters in Cornwall, southwest England. “He is not a member of the government, he does not speak for the government and I think he’ll be doing a bit less speaking in the future.” Cameron’s spokesman, Steve Field, later confirmed television reports that Young had quit.

Young told the Telegraph in a tape-recorded interview over lunch in a Westminster restaurant that in a 30-million-strong job market, the loss of 100,000 public-sector jobs a year foreseen in the government’s spending cuts is “within the margin of error.” He echoed a 1957 comment by Prime Minister Harold Macmillan on the state of Britain’s economy, saying “for the vast majority of people in the country today, they have never had it so good.”

Field told reporters in a regular briefing this morning that the comments were “inaccurate and offensive,” and declined to say whether the prime minister had confidence in his adviser. Young’s resignation was announced two hours later.

The main opposition Labour Party had called on Cameron to sack Young, saying that he was out of touch with ordinary people’s experience of the recession.

“It is shameful that the government’s own appointed ambassador to small business could express such crass, insensitive and ignorant remarks at a time when small businesses up and down the country are suffering and the government fails to get bank lending going,” said Labour business spokesman John Denham. “David Cameron’s point-blank refusal to fire him shows how out of touch his government is.”

To contact the reporters on this story: Thomas Penny in London at tpenny@bloomberg.net; Robert Hutton in London at rhutton1@bloomberg.net.

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.