Cameron on the Credit Crisis

Interviewed on the Credit Crunch and other issues by Sky, David Cameron said that

* he recommends urgent action on deposit protection and a lead role for the Bank of England in managing financial rescues.

* The underlying economic problem is too much debt.

Referring to the impact of energy prices he said that he had a gas bill over £1,000 last year and an oil bill of over £1,000.

In response to Gordon Brown's "No Time for a Novice" jibe, DC replied that the PM may have experience but his experience has been of bungling the regulation of the financial sector, and building up the largest ever fiscal deficit.

You can watch an extract from the Sky interview on "Conservative Home" here.)

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