Weds round-up: Ministers mull £5bn economy boost

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Ministers are discussing plans to inject up to £5bn into the economy without abandoning their deficit reduction strategy, according to reports.

Some Cabinet members believe Chancellor George Osborne could raise capital spending on infrastructure, BBC political editor Nick Robinson says. The government has faced calls for a "Plan B" on the economy amid flagging growth and rising unemployment, but has always rejected them. Yesterday the International Monetary Fund warned of the risk of a double-dip recession in the UK and other countries unless policymakers took urgent action. MORE...

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