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Osborne's plan to spend his way out of trouble

Publié par Clifford Armion le 28/11/2011

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Nigel Morris

A major building programme to help breathe life into Britain's struggling economy will be announced by George Osborne tomorrow - but the cost of constructing the new schools, roads and power stations will be partly met by further spending cuts.

Plans for a £30bn infrastructure programme will be a key element in the Chancellor's Autumn Statement as he seeks ways of staving off recession. It also emerged yesterday that the Government would underwrite loans of up to £40bn to small businesses and that it would increase the levy on the banks' balance sheets.

The moves come as Mr Osborne faces the gloomiest of economic backdrops, with Britain looking likely to slide back into a downturn early next year.

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"Osborne's plan to spend his way out of trouble", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), novembre 2011. Consulté le 18/07/2024. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/osborne-s-plan-to-spend-his-way-out-of-trouble