Alistair Darling will tell Britain to invest in the recovery next week as he balances the worst economic figures since the Second World War with confidence about the upturn. The Chancellor’s cautiously upbeat message that the economy will bounce back to health next year, after similar remarks from President Obama, will come amid signs that the City is detecting the first signs of “green shoots”. Before the Budget on Wednesday David Miles, the newest member of the Bank of England’s rate-setting Monetary Policy Committee, has insisted that Britain may have seen the worst of the recession. Others are coming round to that point of view, including Peter Spencer, chief economic adviser to the influential Ernst & Young ITEM club. He said that the economy could start to expand again in the spring of next year, making Britain one of the first Western countries to emerge from recession. “The fact that falls in output and the declines in house prices are starting to get smaller tell us we are through the worst. There are interesting signals from the financial markets too,” he said. Both Mr Obama and Ben Bernanke, the Chairman of the US Federal Reserve, have spoken optimistically about an upturn this week. Mr Darling will present the Budget as one for jobs and recovery, building on last November’s efforts to combat the recession through a £20 billion stimulus to the economy. He will also announce that tax cheats who deprive the Exchequer of sums greater than £25,000 will be named and shamed on a Revenue and Customs blacklist. The scheme has been used in the Irish Republic since the 1980s where the risk of being exposed has acted as a powerful incentive for evaders to come forward. ，英语论文网站，英语毕业论文 |
