UK growth plan

27/07/11

Yesterday's 0.2% GDP growth figure has brought fresh calls for the government to develop a new plan for stimulating the economy.

David Cameron insisted that there are no cracks appearing between him and George Osborne and that the chancellor's growth plan has the full backing of No 10 Downing Street.

However Boris Johnson, mayor of London, called for the 50p tax rate to be abolished in a rare direct confrontation with the prime minister.

The decision to intervene by such a prominent Conservative will only serve to increase pressure on George Osborne to change course on the economy.

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