» Monday, January 26, 2009


Asked if the Prime Minister believed there was room to increase borrowing beyond what had been outlined in the Pre Budget Report, (PBR) the PMS said that any questions relating to decisions on public finances were a matter for the Chancellor and the Budget.

Asked if the Prime Minister acknowledged that it was difficult to give the economy a Keynesian boost considering the current economic climate, the PMS said that the Prime Minister wouldn t accept that and, as a general principle, would say that it was the responsibility of the Government to step in when markets weren t working. As the Prime Minister had been saying in his speech this morning, it was only the Government who could step in at a time like this and provide the necessary demand in the economy to help us get through.

Put that we could end up with a net increase in spending on infrastructure, the PMS said that we had brought forward capital spending in the PBR.

Asked if the Budget had been delayed, the PMS said that we had not made any decision on the date of the Budget.

original source.

Briefing took place at 11:00 | Search for related news

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