The British government has launched a major economic stimulus package worth 20 billion pounds ($56.3 billion) to reignite consumer spending and help Britain recover from a deep and painful recession.
Finance minister Alistair Darling said in a budget report that he would cut tax on goods and services and would fund the plan by borrowing more and hiking the top band for local income tax.
However, he warned that Britain's economy would shrink in 2009 and would not recover until 2010.
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