10th Mar 10
PM to warn over economic recovery
by Katie Naylor
Prime Minister Gordon Brown will today warn that there are still some substantial risks facing the economic recovery process as he urges the nation to hold its nerve.
The PM will promise to pull the economy out of the storm, however insists the recovery depended on holding to the present course.
His comments come as Westminster and the City eagerly await the date of the budget, which will be announced by Chancellor Alistair Darling.
There has been intense speculation that it would be held on the 24th of March. Treasury officials would only confirm that the date would be published in a written statement to the House of Commons.
According to reports, Gordon Brown settled on March 24 as the best date for the Chancellor’s last financial statement prior to the general election.
The PM could then call an election soon after, with May 6 looking increasingly firm for polling day.
Mr Brown is expected to make what aides describe as a major speech on the economy, defying calls for earlier action to cut the massive budget deficit.
He will say that the nation is weathering the storm and now is no time to turn back.
He said that the government would hold onto their course and complete the mission.
There would still be bumps in the road, and Mr Brown believes the only way to overcome them is by displaying the same strength and resolve as experienced during the crisis.
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