PM Cameron says business, tax cuts will raise UK living standards

Reuters

MANCHESTER, England, Oct 2 (Reuters) - Prime Minister DavidCameron said private enterprise and tax cuts were the best waysto raise living standards in Britain, dismissing plans byopposition Labour to raise corporation tax as nonsensical.

"We know that profit, wealth creation, tax cuts, enterprise,these are not dirty elitist words, they're not the problem, theyreally are the solution because it's not government that createsjobs, it's businesses," Cameron told the Conservative partyannual conference in Manchester, northern England, on Wednesday.

"It's business that get wages in people's pockets, food ontheir tables, hope for their families, and yes, success for ourcountry. There is no shortcut to a land of opportunity."

He slammed Labour's proposal to increase corporation tax.

"That is just about the most damaging, nonsensical twistedeconomic policy you could possibly come up with and we willfight it every step of the way," he said.

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