Bank of England Tells PM: No Money For a Second Stimulus

From The Times Online:

The Governor of the Bank of England laid bare tensions between Gordon Brown and the Treasury yesterday by warning that Britain could not afford a second economic stimulus in the Budget.

Mervyn King threw caution to the wind as he sided with Alistair Darling and the CBI against Downing Street in raising strong doubts over any prospect of another round of “significant fiscal expansion” next month. [Read More]

PM Gordon Brown Thrashed at EU Meeting: “The truth, Mr. Prime Minister, is that you have run out of money.”