tag:blogger.com,1999:blog-11191055.post632058883158301529..comments2023-10-24T08:55:50.992+00:00Comments on Jeremy Moulton: Brown's Borrowing BingeJeremy Moultonhttp://www.blogger.com/profile/09033609556386049865noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11191055.post-66770835063822289292008-11-28T11:24:00.000+00:002008-11-28T11:24:00.000+00:00David, both France and Germany have examined the i...David, both France and Germany have examined the idea of a VAT cut but rejected it due to concerns about its effectiveness. <BR/><BR/>Prices are already being slashed on the high street due to falling sales. The Chancellor's VAT cut won't help people with their food bills as VAT is not levied on it and this is one area where prices are still rising.<BR/><BR/>The IMF have advised that only countries with a balanced budget should be attempting a fiscal stimulus and have also warned that Britain faces one of the worst recssions of the major developed countries.Jeremy Moultonhttps://www.blogger.com/profile/09033609556386049865noreply@blogger.comtag:blogger.com,1999:blog-11191055.post-44561882169654280462008-11-26T16:16:00.000+00:002008-11-26T16:16:00.000+00:00JeremyI don't know if you have noticed but we are ...Jeremy<BR/>I don't know if you have noticed but we are in the middle of a worldwide recession and govts around the world are attempting to copy Gordon Brown and are borrowing now to reflate their economies. We could have had lower borrowing by allowing the banks to go bankrupt and doing nothing. I had hoped that the Tories had learnt the lessons of the early eighties but obviously not.Anonymousnoreply@blogger.com