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Prime Minister Gordon Brown defended his plan on Sunday to inject billions of pounds of borrowed money into the economy to try to stave off a deep recession, saying failure to act could cause permanent damage.

Hope and concern in run up to Pre-Budget Report
Economists, politicians and pressure groups are expressing a mixture of hope, concern and demands ahead of tomorrow's Pre-Budget Report.

VAT Cut Could Be On The Cards (SkyNews via Yahoo! UK & Ireland News)
VAT could be slashed for a year in an attempt to get the economy back on track, it has emerged.