The Tories called on the Chancellor to reveal whether he had received any prior warnings about Northern Rock's position.
George Osborne, the shadow chancellor, also suggested soaring personal debt under a decade of Labour could be a key factor in the crisis.
Vince Cable, the Liberal Democrat Treasury spokesman and a former chief economist at Shell, joined the attacks by warning that Gordon Brown as Chancellor had presided over mounting personal debt in Britain, which now stood at £1.3trillion.
He said he had warned Mr Brown three years ago of the problems and said that now, one pound in every five of average household income was going to service debt.
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Monday 17 September 2007
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