TITLE

Coalition chases both growth and austerity

PUB. DATE
May 2012
SOURCE
Evening Standard;5/23/2012, p14
SOURCE TYPE
Newspaper
DOC. TYPE
Article
ABSTRACT
JUST a day after the IMF head, Christine Lagarde, suggested that the UK should bolster growth by trading off further public spending cuts with "growth-friendly" expenditure on infrastructure, the deputy PM, Nick Clegg, announces just that. The Government, he says in an interview with the FT, is ready for a "massive" increase in state-backed investment in housing and infrastructure. The Treasury will use its balance sheet to underwrite schemes: that is to say, the Government may not be doing the spending itself but it will be underwriting the risks of the companies that are willing to build roads and houses.
ACCESSION #
75504260

 

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