Posted 3/10/2024, 6:00:00 PM
Brown Calls for New War Cabinet to Boost UK Growth to 3%
- Gordon Brown to propose creating a National Economic Council, jointly chaired by PM and Chancellor, to boost growth to 3% annually
- Council would be on "war footing", meet weekly, be jointly staffed by Treasury and Cabinet Office
- Would coordinate economic policymaking across government departments
- Treasury must be fully committed to growth, not just debt/deficit reduction
- US focused on growth post-2008 crisis; UK austerity contributed to weak recovery
