Gordon Brown blamed for Labour's lost credibility on economy

Gordon Brown dealt a blow to Labour's economic credibility by wrongly giving the impression in his final year as prime minister that the party failed to understand the importance of tackling Britain's unprecedented peacetime budget deficit, the shadow business secretary, Chuka Umunna, has suggested.

In remarks that highlight an intense debate at the highest levels of the Labour party, Umunna indicated that the party is struggling to make a breakthrough on the economy to this day after "the seeds were sown" under the last government.