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Darling hints at further rescues

The economy could need another government stimulus package, the chancellor of the exchequer has admitted.In an interview with the Observer, Alistair Darling said that the move would likely be made if the £20 billion recession-busting plan outlined in the pre-Budget report last week failed.The plan included a cut to VAT, which comes into effect today - along with a big expansion of public works products to keep more people in work.Proposed increases on car duty and corporation tax have also been scrapped.However, the chancellor also said that taxes would have to rise over years to come in order to cover the cost of the stimulus package."You'd be very foolish indeed to say 'Well, that's the job done [after announcing the plan]'," he said."I know we're almost certainly going to be doing additional things. The people expect you to do that."Mr Darling predicts that the economy will continue to shrink across the whole of 2009.

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