TORIES 'WOULD UNBLOCK CREDIT'

He told an audience in Glasgow that Labour's handling of the current financial turmoil was based on myths.

And he said the economy would be more resilient through "Conservative responsibility".

Speaking at the Glasgow Science Centre, he said: "This recession was triggered by a credit crunch and it is now vital that we unblock credit and get money flowing through the veins of our economy, back to businesses and families."

He said the Bank of England should be allowed to regulate debt.

And he told the Scottish audience he would strengthen devolution to encourage business.

He added: "I believe we need to move away from an economy that relies too heavily on the narrow shoulders of finance and housing to drive growth.

"We need to move towards science, more hi-tech services, more green technologies, more engineering, more high-value manufacturing."