Monday, Nov 24, 2008
Mr Darling will borrow his extra billions for his measures from international investors.
Telegraph: Pre-Budget report: Taxpayers to foot the bill for years to come
Mr Darling will borrow his extra billions for his measures from international investors. He needs to reassure the international markets that fund his borrowing that the UK public finances will improve quickly once the recession is over, to stop investors demanding a higher return on Government bonds.
That means that when the economy returns to growth, taxes will rise and Government spending will fall.
In his speech, Mr Darling promised "to put in place measures to ensure sound public finances in the medium term, to ensure as a country we live within our means".
Posted by malct @ 06:01 PM (174 views) Add Comment
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