John Longworth, director general of the British Chambers of Commerce has said:
Britain’s chancellor may have to apply shock treatment to the country’s economy, including the controversial option of new borrowing to fund investment, if there is no sign of growth in six months’ time
- This month’s budget must include measures to boost the economy
- But if growth prospects dont improve, more radical options needed
- new debt to fund more infrastructure spending
- big cuts in corporate and capital gains taxes
“It would be a sort of defibrillator approach to the economy,”
