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Page last updated at 08:52 GMT, Thursday, 11 December 2008

The UK's 'breathtaking' borrowing

Downing Street has hit back at an outspoken attack by Germany's finance minister on the government's plans to combat the economic downturn. Peer Steinbruck had criticised the UK's decision to cut VAT and raise the national debt to record levels. Business editor Robert Peston discusses whether Britain's switch from financial prudence to heavy borrowing is "crass" or "breathtaking".

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