Tuesday, May 09, 2006

Brussels showers Brown with praise for his stewardship of economy

Guardian: Brussels showers Brown with praise for his stewardship of economy

Gordon Brown's stewardship of the British economy yesterday won glowing tributes from the European commission, which forecast that the UK would again outperform the eurozone. Brussels also indicated it would abandon proceedings against Britain for breaching its budget deficit limits.

Pointing to more balanced growth after last year's dip to 1.8%, the commission's spring forecast said UK growth this year would be 2.5%, rising to 2.75% in 2007 - in line with the chancellor's own March budget estimates of 2.25 and 3%.

Posted by Jason @ 10:21 AM (606 views)
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1. Tyrellcorporation said...

Any economy will do well if you hose-pipe borrowed money on it for 9 years!


This has more than a whiff of; 'we want a high-tax, high-spend lefty in charge of the UK when Bliar finally gives up' ...

Tuesday, May 9, 2006 10:37AM Report Comment

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