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Ministers mull £5bn economy boost – papers

IFAonline
Written By:
Posted:
September 21, 2011
Updated:
September 21, 2011

Ministers are discussing plans to inject up to £5bn into the economy without abandoning their deficit reduction strategy, according to reports.

Some Cabinet members believe Chancellor George Osborne could raise capital spending on infrastructure, BBC political editor Nick Robinson said.

The government has faced calls for a “Plan B” on the economy amid flagging growth and rising unemployment, but has always rejected them.

Yesterday the International Monetary Fund warned of the risk of a double-dip recession in the UK and other countries unless policymakers took urgent action. MORE…

Meanwhile, Nick Clegg is expected to defend the government’s economic strategy and his party’s role in the coalition in his leader’s speech to the Liberal Democrat conference on Wednesday.

The deputy PM is expected to say they will not change course on spending cuts but can do more to encourage growth. MORE…

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