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The Economy (Supporting Business)

As a simple-minded Keynesian speaking to a simple-minded monetarist, may I say that if the right hon. Gentleman looks at the pattern of fiscal support for the economy across Europe and the G8, he will see that, astonishingly, the support provided by the different Governments is very similar? The only variance is whether it takes place through automatic stabilisers or a separate fiscal stimulus. The pattern of support is very similar, and that blows a hole in much of his argument.