British Prime Minister David Cameron pledged Thursday to build a “fairer” economy which hands power to individuals and prevents excesses that contributed towards the global financial crisis. Cameron, addressing a press conference in central London, said the current global debt storm provided a crucial platform for reform to create a “socially responsible and genuinely popular capitalism.”
The premier added that his Conservative-Liberal Democrat coalition government would cap bonuses for the majority of workers at state-owned banks at £2,000 ($3,100, 2,400 euros) for a second year running.
“While our economic challenge starts with dealing with our debts and achieving growth, it mustn’t end there,” Cameron told reporters. “We must aim higher than just coping with the storms that are affecting the international economy.
“I believe that out of this current adversity we must aim to build a better economy, one that is truly fair and worthwhile,” Cameron said.
The Conservative leader gave little policy detail but said he would introduce simplified legislation for the creation of cooperatives, in an attempt to boost employee and customer involvement in businesses. The coalition will also introduce new anti-abuse rules to make it harder for big businesses to avoid paying their fair share of tax.
