Business News

Nov 24, 2008, 15:16 GMT

British government plans 20-billion pound recovery package (Extra)

London - The British government Monday set out plans for a massive 20-billion-pound (30 billion dollars) programme to stimulate the economy as it heads for recession. British Chancellor of the Exchequer Alistair Darling with the Pre Budget Report outside the Treasury in London, Britain, 24 November 2008. EPA/ANDY RAIN

British Chancellor of the Exchequer Alistair Darling with the Pre Budget Report outside the Treasury in London, Britain, 24 November 2008. EPA/ANDY RAIN

British Chancellor of the Exchequer Alistair Darling with the Pre Budget Report outside the Treasury in London, Britain, 24 November 2008. EPA/ANDY RAINIt proposed to cut value-added tax (VAT) on consumer goods from 17.5 per cent to 15 per cent until the end of 2009, and announced an increase in the top tax rate for higher earners to 45 per cent. The measures were aimed at tackling the effects of an 'unprecedented global crisis,' the Chancellor of the Exchequer, Alistair Darling, told parliament. They would make sure that the economic downturn would be 'shorter and shallower' than would have been the case otherwise. The package would push public sector borrowing to 118 billion pounds, or 8 per cent of the Gross Domestic Product (GDP), next year.

And Also

The Decade: Film's 10 Best Music Moments In The Aughts

The Decade: Film's 10 Best Music Moments In The Aughts - Cinema Blend
GASP: Goldstriker creates world's most expensive iPhone - The Tech Herald
Believe It or Not? Here Are the Week's Hottest Headlines - PopEater
Chris Rock interview, Sons of Anarchy and Woody Allen shout out for 'Madagascar' star

Alistair Darling - View Alistair Darling Pictures - Alistair Darling News

Gordon Brown - View Gordon Brown Pictures - Gordon Brown News

Click to launch this Gordon Brown gallery

Click to launch this Gordon Brown gallery

Click to launch this Gordon Brown gallery

Click to launch this Gordon Brown gallery

Click to launch this Gordon Brown gallery

Your Talkback on this Story

Similar articles

British economy remains in recession, figures show
British financial authority to limit banker bonuses
Bank of England warns of long road to recovery
British economy shrinks in third quarter as recession lingers
Britain to sell of government assets to cut debt mountain

Latest Headlines in Business

Older Talkback

Business: Index

: News; Features; Currency Conversion

Latest Pics

From Sites we Like

Mobile, Alabama's WPMI-TV learns the consequences of posting your breaking news tweets on an electronic billboard (w/ pic) [Fail]
"Nude model Kathleen Neill gets off after getting naked in Met". In related news, CBS has a new opening for a headline writer in their web division [Spiffy]
CSI Småland has concluded that Agneta Westlund met her death by a drunken elk. You see, there are reindeer sleighs and then there are reindeer slays. Yeeeaaaaahhhh [Followup]

More Not News from Fark

In Monsters and Critics

: Arts; Books; DVD; Gaming; Lifestyle; Movies; Music; News; People; Science & Nature; Sport; TV; Archives
Other Languages and Sites: Deutschland (Monsters and Critics); The Tech Herald; Free Games

Entertainment: Arts; Books; DVD; Gaming; Movies; Music; People; Soundtracks; TV
Media: Celebrity Photos; Movie Pictures; Movie Trailers; Movie Posters; Theatre Stills; Celebrity Video; Music Video
Released this week: Movies - USA; Movies - UK; DVD - USA
Distractions: Online Games; Daily Crossword; Sudoku Classic; Daily Jigsaw

World News: US; UK; Americas; Europe; Middle East; Asia Pacific; South Asia; Africa; Business; Education; Health
Science and Tech: Science and Nature; Technology
Lifestyle: Autos; Fashion; Life; Travel

Corporate

: About; Advertise; Contact; The Team; Vacancies; Privacy; RSS; Site Map; Terms; Webmasters

The Fine Print

© 2003 - 2009 by Monsters and Critics.com, WotR Ltd. All Rights Reserved. All photos are copyright their respective owners and are used under license or with permission. * Note M&C cannot be held responsible for the content on other Web Sites.

Servers supplied by Servint