Credit Crisis Solutions

UK: Economy boost may mean more pain later

The government is preparing to confirm that a huge and unplanned rise in government borrowing will have to be paid back in the years to come.

“The chancellor has to tell the country how far we’ve gone into the red,”

Speaking earlier Gordon Brown said: “If you don’t act now and fiscal action is what we are talking about - whether it’s public investment or whether it’s in taxation - we will pay for it later. You’ve got to act now so we avoid a worse problem.”