A colossal amount of borrowing and unrealistic GDP growth prediction have put the 2009 Budget under fire, from opposition parties, business groups as well as the public.
Chancellor Alistair Darling announced the “the toughest” budget in parliament Wednesday, to steer the course of British recovery from recession.
Instead of gaining a strong support, the budget has drawn strong criticism, from borrowing to taxation, and from car scrappage incentive to emissions-cutting targets. Some even called it as merely “rearranging the deckchairs on the Titanic”.
Labour has thus been seen as “out of ideas and running out of steam” to pull Britain out of the economic crisis, and an earlier election was also called for. Some commentator said it is a political budget rather than an economic one.
For the full story by Dongying Wang and Rob Welham, published by Xinhua News Agency in April 2009, please click here. Also, please return to the blog to post your comment.
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