Qualified advisers answering your
Financial Questions
call 0800 092 1245

Gordon Brown set to tear up governments golden rule

In a move which has already provoked outrage amongst many financial experts it has been revealed that the government's core golden rule on economic management will be torn up in favour of a more 'flexible' approach which will see the authorities borrow the equivalent of over £3,000 for every man, woman and child in the UK.

In order to try and see off the recession the authorities will be starting a massive public sector building program of schools, hospitals and other public facilities. It is hopes that the business and employment opportunities that this will bring should see us through to the eventual economic upturn, but opinion is divided.

Alistair Darling is set to announce the move later this week and at the same time he will reveal the government's route to repaying what will be £60 billion of borrowing this year alone and a further £100 billion next year. Before these repayment plans have even been announced they have been as good as discounted by the financial markets which have been in free fall for a number of days now.

The currency is collapsing, confidence has evaporated and the stock market will not be leading us out of trouble in the short term.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details