German Finance Minister Attacks UK Policies

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The German finance minister has launched an outspoken attack on the UK government's plans to help pull Britain out of the economic downturn.

In an unusual breach of standard diplomacy, Peer Steinbruck attacked the UK's decision to cut VAT and raise the national debt to record levels.

Mr Steinbruck said the UK's switch from financial prudence to heavy borrowing was both "crass" and "breathtaking".

His comments came in an interview with Newsweek magazine.

"There is a broad international consensus that a fiscal stimulus is right thing for economies now," said a Treasury spokesman. - BBC