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    somabc's Avatar
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    Billions to be spent on hospitals and schools

    Will this accelerate BSF plans?

    Britain came under international pressure yesterday to inject billions of pounds into the economy as the Chancellor, Alistair Darling, finalised plans for tax cuts and for public spending using money from NHS surpluses.

    Dominique Strauss-Kahn, managing director of the International Monetary Fund, called on nations to pump in 2 per cent of their gross domestic product (GDP) in a co-ordinated attempt to stave off a severe global recession.

    In Britain that would amount to £30 billion, but senior government sources yesterday dismissed suggestions of a fiscal stimulus package on such a large scale.

    Whitehall officials told The Times yesterday that the spending of about £15 billion in NHS surpluses and other capital projects would be brought forward and the details disclosed in the Pre-Budget Report next week.
    Billions to be spent on hospitals and schools - Times Online

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    I thought the bsf juggernaut was grinding to a halt because the govt was running out of money?

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    Keynesian theory is to prevent recession by spending
    The General Theory of Employment, Interest, and Money - Wikipedia, the free encyclopedia

    Nowadays, rather than put monies in the pockets of small firms and employees, the BSF is most likely just to line the pockets of RM's shareholders.

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    somabc's Avatar
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    No the government is going to borrow its way out of recession! Who are the major shareholders in RM? Banks and Pension Funds?

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    Apparently the thing that most worries them is people getting the tax cut and saving it. They basically want us all to spend, spend, spend! Hence why tax credits are favoured. Can anyone explain what NHS surpluses are? Is this just money not spent?



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