Friday, July 27, 2007
Mr Brown’s big brownies are about to hit the books
Indirectly related to houseprices, but it looks like all that PFI "hidden debt" is about to resurface, hitting capital investment.. such as a plan to build all over the green belt? The move could see the government breaking one of Mr Brown’s two cherished rules for running the economy. But the sustainable investment rule is seen as increasingly discredited and both economists and the Conservatives have been urging a rewrite – something Mr Darling could use the accounting change to achieve with minimal political damage.