Brown Spooked by the Markets ; in London Investors Won't Buy Our Bonds in Europe Pm Accused of Heading Down 'the Road to Hell' [Edition 3]
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Summary
GORDON BROWN was in retreat on his Budget plans last night amid signs of City alarm over the soaring level of Government borrowing.
He pulled back from another debt-fuelled giveaway to kickstart the economy after Tuesday's intervention from the Governor of the Bank of England.See the full content of this document
Extract
Brown Spooked by the Markets ; in London Investors Won't Buy Our Bonds in Europe Pm Accused of Heading Down 'the Road to Hell' [Edition 3]
Downing Street insisted there was no rift between Mr Brown and Mervyn King over his bombshell claim that Britain cannot afford another 'fiscal stimulus'.
But the Governor appeared to have spooked the markets when it emerged that a routine sale of Government bonds...See the full content of this document
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