Downing Street Says » Borrowing Figures

» Thursday, March 18, 2010

Borrowing Figures

Asked if the Prime Minister had been cheered up by the latest borrowing figures, the PMS said any economic indicator that reinforces the fact that we are coming out of a recession was good news, but the Chancellor has cautioned, as have others that the recovery had some way to go.

Asked if in the event that public borrowing does come in lower than forecast, what is the priority, to play down the deficit or to continue to support the economy, the PMS said the priority, as we had always said was to halve the deficit within four years, that was why the Government had legislated for it.

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