Member Article

Government discusses £5b economic boost

Last night ministers were considering how to inject up to £5 billion back into the economy without abandoning their current economic plans.

The BBC reports that the government is now facing up to calls for Plan B on the economy due to slow growth and high unemployment levels.

This change represents a massive U turn for the coalition, who had previously refused to consider another course of action in the belief it would risk their credibility.

George Osborne is determined to find a way of boosting growth without moving away from deficit reduction targets. Some ministers believe that this can still be done by injecting £5 billion into improving the nations infrastructure.

The government has insisted that it will not stop in its attempt to eliminate the economic deficit within the parliaments lifetime, but Labour leaders are calling for them to heed the advice of the IMF.

This was posted in Bdaily's Members' News section by Ruth Mitchell .