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Government pulls forward funding
Released 19/10/2008
Prime minister seeks to sure up economy in turbulent times
The government is planning to put billions of pounds of emergency money into schools and hospitals in light of the imminent recession.
Gordon Brown talked of a defining moment for the country as he revealed that funds that were earmarked for the 2010 election would be brought forward to encourage growth.
Following the billions the government has invested in the banks, the move to bring forward spending in schools is viewed as a gamble.
Gordon Brown has declared that he will do what he can to keep the economy moving forwards.
In a further sign of the economic crisis, universities have warned they are facing increasing pressures because of soaring inflation rates and may be forced to cut costs or call for voluntary redundancies.
The university sector is committed to awarding staff pay rises of five per cent, based on September's retail price index.
Source: The Independent