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George Osborne has described reports that the government is considering the option of printing money to stimulate the economy as proof that the Prime Minister “has led Britain to the brink of bankruptcy.”
The Shadow Chancellor of the Exchequer said floating the idea was “irresponsible in the extreme” and could shake the confidence of international markets.
George said, “Printing money is the last resort of desperate governments when all other policies have failed.”
And he added, “The very fact that the Treasury is speculating about printing money shows that Gordon Brown has led Britain to the brink of bankruptcy.”
George is Shadow Chancellor of the Exchequer. He has worked in a wide range of departments during his political career.
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They say if you repeat a lie enough, people will start to believe it. Gordon Brown is banking on you believing that he won't cut public spending. Don't let him take you for a fool.
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Shadow Chancellor, George Osborne and Shadow Cabinet Office Minister, Francis Maude, launched a consultation on a series of proposals, entitled It's Your Money, designed to create a new culture of financial discipline across Government.
Promoted by Alan Mabbutt on behalf of the Conservative Party, both at 30 Millbank, London, SW1P 4DP