Accessibility options

Economic prosperity tops G20 agenda

Date: 6/11/2009 17:38:15

Search: G20 climate change

A return to financial prosperity over the next decade will loom large in talks between the world's leading economies, Chancellor Alistair Darling has said.

He insisted that recovery remains a "work in progress" and called for an end to the "old ways" of thinking ahead of the G20 meeting of finance ministers in Scotland.

Mr Darling stressed the importance of international co-operation ahead of the talks in St Andrews, during a visit to wave energy firm Pelamis in Edinburgh.

He said: "If you look at the last year, countries have acted together because they could see it was in their own self-interest to act together to put money into the economy.

"The key challenge for all of us now is how do we get growth for the next decade? How do we ensure the next decade is one of growth, one of jobs, one of increasing prosperity and that needs international co-operation?

"We've shown what we can do in the last year. The key for us this weekend and beyond is to show what we can do for the next 10."

Mr Darling stressed the need for all countries to get borrowing down, but he said this would be a "gradual" process.

Advertisement starts


Advertisement

Advertisement ends

He added: "There's a lot more confidence than there was six months ago, but we're not out of the woods yet. We still have to see recovery firmly established. I think we will see growth in this country around the turn of the year."

But the situation remains "fragile" in other countries, the Chancellor added.

"I think one of the biggest risks we have is for people, for governments, to get into thinking that somehow the job's done, that we can all carry on as normal. We can't - we've got to escape from the old ways of thinking. That means we've got to be prepared to work together and crucially we've got to take action now to tackle the very urgent problem both of climate change and also of securing sustainable long-term growth."

2012 © Press Association

Advertisement starts



Advertisement ends

Advertisement starts


Advertisement

Advertisement ends

  • Tube engineers join emergency services
    Tube engineers join emergency services
    The specialist unit that responds to emergency incidents on the Tube network will be able to cut through London's traffic more quickly under a trial being carried out with the British Transport Police.
  • Eight held in corruption probe
    Eight held in corruption probe
    Five men aged between 45 and 68 were arrested at addresses in London, Kent and Essex on suspicion of corruption, aiding and abetting misconduct in a public office, and conspiracy in relation to both these offences. They are being questioned at police stat
  • England defeat Italy
    England defeat Italy
    England coach Stuart Lancaster says he is pleased with his sides 15-19 win over Italy and now looking forward to playing at Twickenham.
  • Fassbender's preperations for A Dangerous Method
    Fassbender's preperations for A Dangerous Method
    Michael Fassbender did a great deal of preperation for his latest role in A Dangerous Method which looks at how the intense relationship between Carl Jung and Sigmund Freud gives birth to psychoanalysis.
arrow
Tube engineers join emergency services
The specialist unit that responds to emergency incidents on the Tube network will be able to cut through London's traffic more quickly under a trial being carried out with the British Transport Police.

5 day forecastMy local weather

Overcast
London
min: -1º
max:6º
 
 

Daily Pictures



Advertisement starts



Advertisement ends

Page Footer


Access keys


You will need to use different key combinations in order to use access keys depending on your internet browser, find out which on our accessibility page.
  • (0) Navigate to Accessibility page.
  • (1) Navigate to Home page.
  • (2) Navigate to My email.
  • (3) Navigate to My Account.
  • (4) Navigate to Site Map page.
  • (5) Navigate to Contact us page.
  • (6) Navigate to Members channel.
  • (7) Navigate to Services channel.
  • (8) Navigate to News & Info channel.
  • (9) Navigate to Entertainment channel.
  • ([) Skip down to the Primary navigation block.
  • (]) Skip down to the more links within this section block.
  • (=) Bypass all navigation and jump to the content.
  • (x) Text only version of this page.