Brown Borrows Big to Kickstart British Economy (CNBC)

Prime Minister Gordon Brown tries to kickstart the stalling British economy on Monday, spending billions of borrowed pounds on tax cuts in a bid to stop a recession turning into a slump.
The package, expected to total up to 20 billion pounds ($30 billion), will include extra public spending designed to grease the wheels of the economy.
Brown's finance minister, Alistair Darling, is also expected to announce plans to plug the hole in state finances by raising taxes in future, including a political shift in the form of a sharp rise in income tax for high earners, media reports say.