Darling needs a Plan B

The Times reports that after the unveiling of the new UK budget together with a rather very optimistic growth predictions of Alistair Darling, the chancelor is set to be expected to unveil a Plan B just in case things don’t turn out as he expected:

The Treasury Select Committee, which today questioned four leading tax experts and economists on last week’s budget, is set to quiz the Chancellor on what the policy response will be if the economy does not recover next year as he has forecasts, and what he intends to do if interest rates rise, pushing up the cost of the Government’s debt interest payments.

Darling forecasts a 1.25% GDP growth next year, one that significantly deviates from the much more modest rise of 0.2% predicted by many economists.

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