Cameron Invokes Thatcher, Says No Alternative on Deficit

Prime Minister David Cameron rejected suggestions that cutting taxes or increasing government expenditure would help Britain’s struggling economy, saying the risk of higher interest rates is too great.

Cameron mocked those, including Business Secretary Vince Cable from his Liberal Democrat coalition partners, who have called for more spending as talking “as if they think there’s some magic money tree.” To answer those in his own Conservative Party calling for tax reductions, he invoked a former Tory prime minister.