‘This would create the bust & boom of capital investment,’ he said, while members of the House cried out their discontent.
Brown said ‘Britain was in that position’ before labour came into power, and argued that in times of downturn such an option would neither advisable nor prudent.
He announced the net borrowing figure for the next five consecutive years starting in 2002 as £20bn, £24bn, £19bn, £19bn and £20bn.
These figures present declining percentages of GDP from 1.9% in 2002 to 1.5% in 2007. This is ‘well within the Maastricht criteria,’ the chancellor said, compared to 2.7% in the US and 7% in France.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars