Brown: You'll get your pounds 6bn.GORDON BROWN last night confirmed his pledge to pump an extra pounds 4billion into Scotland's schools and hospitals - despite turmoil in the world economy. The Chancellor responded to fears that the collapse of Asian markets would knock the Government's economic policy off course. But he insisted steps taken by New Labour meant Britain's economy was still in a healthy shape. He said: "In this unstable unstable, adj 1. not firm or fixed in one place; likely to move. 2. capable of undergoing spontaneous change. A nuclide in an unstable state is called radioactive. An atom in an unstable state is called excited. world, Britain will steer steer castrated male cattle beast over a year of age. See also bullock, buller steer. steer bulling see bulling. steer Medtalk verb a course of stability to deliver long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. prosperity for our country." Earlier this year Brown announced a three-year investment plan for health and education - the equivalent of pounds 3200 extra spending on a family of four. A total of pounds 1.8 billion will go on reducing waiting lists and fighting heart disease and pounds 1.3bn will fund nursery places for every three-year- old, teacher's assistants in every primary classroom and a major expansion in the number of university and college places. Pensioners will have a guaranteed minimum income Guaranteed minimum income is a proposed system of income redistribution that would provide eligible citizens with a certain sum of money (independent of whether they work or not), also known as "Basic Income Guarantee (BIG)", "universal basic income", "citizen's income scheme", and they will regain the right to free eye tests and dental checks. The Chancellor conceded con·cede v. con·ced·ed, con·ced·ing, con·cedes v.tr. 1. To acknowledge, often reluctantly, as being true, just, or proper; admit. See Synonyms at acknowledge. 2. that no country was immune to the effects of the current instability in the world economy. And he admitted that slower world growth made it inevitable that growth in Britain would be more moderate next year. But he said Labour had learned the disastrous lessons of "boom and bust In economics, the term boom and bust refers to the movement of an economy through economic cycles. The Boom-Bust economic cycle According to most economists, an economic boom is typically characterized by an increased level of economic output (GDP), a corresponding " economics. He pointed to a pounds 20bn reduction in borrowing and this month's interest rate cut. |
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