Billions to be spent on hospitals and schools
Will this accelerate BSF plans?
Billions to be spent on hospitals and schools - Times Online
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.