Saturday, February 21, 2009

£20bn of Progress

Progress is suggesting that the government spend an additional £20bn to further stimulate the economy by boosting the housing market. Chris Leslie is calling for a freeze on stamp duty on houses valued under £1m for the rest of 2009 and the offer of a £1,000 tax credit to home buyers. He is also suggesting that Jobseeker's Allowance be increased by £10 per week and that about £12.5bn of additional support and further tax reductions. The general idea is that injecting more money into the economy in 2009 the country will be better able to return to growth more quickly than if we let the market continue to spiral downwards.

1 comment:

wonkotsane said...

And how exactly are my children and my children's children expected to pay for all this "stimulus"?