could labours plan for the economy in anyway be self financing or is it just more debt?
labour are saying the chancellor should borrow £20 billion to finance a cut in vat house building etc, if this happened could this actually be self financing through the extra money spent in the economy and or extra jobs created leading to money in ni and tax contributions or would the government still have to find £20 billion to repay the debt and cover other bills
Asked By: James - 10/1/2012
Best Answer - Chosen by Asker
The Labour party has fallen into the same trap as the Tories. Billions and billions have been provided to the banks to help them balance their books after 20 years of bad lending practices. This was done just by printing money - now called "quantitative easing" by the issue of government bonds for repayment in the... More
Answered By: Victor - 10/1/2012
Additional Answers (1)
In my opinion no
Answered By: Mila - 10/1/2012
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