Brown's prudence leaves room for aid package

Article Abstract:

UK Chancellor Gordon Brown is likely to introduce some fiscal loosening in his Pre-Budget Report on Nov 27, 2001, recognizing that the economy is under threat from external forces. He will probably focus on the corporate sector, assisting firms and thereby reducing pressure on the Bank of England to keep cutting interest rates.

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Brown's talk of prudence masks his racier side

Article Abstract:

UK Chancellor Gordon Brown's interpretation of a prudent approach to economic management is discussed. It is suggested that he takes a much riskier approach than it appears, taking the advantages of unexpected upside growth and taking no account of the risks of growth shortfalls.

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Benefits of Brown's 'prudence' have their limits

Article Abstract:

UK Chancellor Gordon Brown is strongly emphasis his determination not to relax fiscal discipline. However, the economy is much more vulnerable to external shocks than he is willing to admit, and the advantages of caution should not be exaggerated.

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