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The prime minister has said Ed Miliband "cannot bring himself" to welcome economic growth of 0.5 per cent, but admitted "everyone wants" the economy to grow faster.
At prime minister's questions Miliband asked if sluggish growth and a 17-year peak in unemployment marked the success of failure of the government's economic plans.
"When things go wrong it is never anything to do with him," he said.
Miliband raised the business growth fund launched nine months ago. He claimed it has only made two investments, and said a pattern is emerging, with "fanfare announcements then radio silence" from the government.
Cameron said Labour failed to regulate the banks, while the coalition government is introduced a bank levy to help pay off the deficit.
Miliband said the prime minister "has not got a clue" about the growth fund.
He asked what is going to be done about the 49 per cent rise in boardroom pay.
Cameron said as well as the bank levy he has increased fees for non-doms and come to an agreement with Switzerland to "get hold of money" sent abroad.
He said the Archbishop of Canterbury "speaks for all of us when he says that it is unacceptable in a time of difficulty when people at the top of society are not showing signs of responsibility".
Cameron added: "If he’s so keen on this agenda, what did he do for the last 13 years."
Miliband said Labour had introduced the 50 top rate of tax and accused the prime minister of being "totally out of touch" with public sentiment on executive pay.
Cameron said he would not accept lectures "from a party that told us they were intensely relaxed about everyone getting filthy rich, a party that had a capital gains tax system so people in the City actually paid less tax than their clearner,".
"I know he's forgotten all these things, we remember them and we've done something about it," he added.
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