Brown defends higher borrowing
In a speech in London, Mr Brown said fiscal policy would be used to kick-start the economy so as to "help people through difficult times".
However, in a change to his planned text, Mr Brown declined to say explicitly that borrowing would rise, stating instead that it was "right and responsible" to maintain "investment" at the current time.
But he said that when the economy begins to recover and tax revenues increase, "borrowing" levels as a share of economic output would then come down.
Mr Brown defended government measures to support the faltering economy including help for small businesses and homeowners to stave off the threat of repossessions.
"I can see why people are insecure and worried about their future," he said.
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- Blog Source: www.100mortgages.orgGordon Brown is expected to defend his plans to increase government borrowing in order to tackle the economic downturn in a speech later. Prime Minister Gordon Brown is set today to tell business leaders they need to heighten the demand ...
- Blog Source: www.tworkshb.comThe prime minister has stood by his plans to increase government borrowing in order to “support economic activity”. Mr Brown said that the government was “responsible” for improving the UK’s economic situation. ...
- Blog Source: finance.indiainfo.comBritish Prime Minister Gordon Brown today defended his plans to increase government borrowing to kick-start the faltering economy and "help people through difficult times."
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Image Source: p2o2.blogspot.comWe borrow from Europe and ...Image Source: p2o2.blogspot.comWe borrow from Europe and Japan to ... -
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Video Source: www.truveo.comBrown defends borrowing plansVideo Source: www.truveo.comGordon Brown has defended his plans to increase public borrowing. - Video Source: www.truveo.comBrown defends borrowing ...Video Source: www.truveo.comGordon Brown has defended his plans to increase borrowing to fend off the ...
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