Qualified advisers answering your
Financial Questions
call 0800 092 1245

Gordon Brown defends decision to increase the budget deficit

Gordon Brown has today told a committee of MPs that he was right to increase the budget deficit and government borrowings in order to combat the recession. In a move which places him at the opposite end of the spectrum from the Conservative party, Gordon Brown believes it was "essential" to spend, spend, spend in order to protect jobs and protect businesses. But will it be enough to sway voters in his favour at the general election?

The decision for voters at the UK is becoming very simple, either support a government which is prepared to spend, spend, spend to save jobs and businesses against the Conservative party which is looking to reduce the government budget deficit and government borrowings while also looking to rebuild the economy. It will be interesting to see how the opinion polls develop as we approach the election with the Conservative party today confirming a number of economic initiatives which would allow businesses and consumers to monitor Conservative economic policies should they gain office.

Recently Gordon Brown seemed to indicate he was willing to reduce government spending although he may well have had a change of heart and moved in the opposite direction to the Conservative Party. However, what policies the political parties would implement as and when they gain office is another matter!

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