Osborne fears sterling collapse

Other News Materials 15 November 2008 07:57 (UTC +04:00)

Gordon Brown's willingness to borrow his way out of trouble could lead to the collapse of sterling, shadow chancellor George Osborne has warned, BBC reported.

In an interview with the Times, he accused the prime minister of being "deeply irresponsible" and suggested he "doesn't care" how much he borrows.

Sterling has fallen sharply in recent weeks amid fears about a UK recession.

A Labour spokesman said Mr Osborne was being "irresponsible" by talking down the economy.