Brown's 'responsible' borrowing
Updated on 27 October 2008
The prime minister says his borrowing plans are a sensible response to the economic downturn.
Gordon Brown tells business leaders he is behaving responsibly by borrowing money to boost public spending during the economic downturn.
With the latest quarterly public debt figures at a record £37bn, the prime minister said that as the economy recovered, borrowing would fall.
But the Conservatives criticised the government, saying Britain wasn't prepared for recession; leading economists said ministers were misguided.