Business Investment Feels the Squeeze After Brown Banks for Too Long On Consumer Spending
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Summary
THE Chancellor began his Budget speech in schoolmasterly form, telling us that "Britain is today experiencing the longest period of sustained economic growth since records began in the year 1701".
It might be churlish to remind him that Britain did not exist in 1701. But it is certainly not beside the point to remind Mr Brown that his ninth, and possibly last, Budget was more an exercise in politics than managing an economy that is showing several distinct underlying imbalances.See the full content of this document
Extract
Business Investment Feels the Squeeze After Brown Banks for Too Long On Consumer Spending
The killer statistic yesterday was the Chancellor's revelation that business investment, which grew by 5.25 per cent last year, is forecast to grow in 2005 by only...
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