David Young, the enterprise adviser, claimed that British homeowners have gained from low interest rates during the "so-called recession".
He said that most Britons have "never had it so good", borrowing former Prime Minister Harold Macmillan's famous 1957 catch phrase.The resigning Cabinet Minister apologised, saying his remarks were insensitive and inaccurate.
Cameron, who called Young's comments offensive, accepted Young's resignation, the Prime Minister's spokesman said today
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