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Government plans to fast-track construction projects

Chancellor Alistair Darling announced that the government plans to increase borrowing to spend its way out of recession and fast track planned construction projects, according to an interview he gace to the Sunday Telegraph .

Darling insisted that London's £16bn Crossrail scheme, the Olympics building work and the Trident nuclear deterrent would go ahead despite expectations that economic indicators would show the economy had entered "negative growth" in the last quarter.

"What I want to avoid is getting ourselves in a position governments have done in the past where you face an immediate problem and cut back on the things the country will need in the future," the Chancellor said.

He also admitted government borrowing would have to rise sharply to finance the work and added: "We can allow borrowing to rise."

Construction of schools, medical buildings, social housing and leisure centres was also marked out as being eligible to be fast tracked using money now that had been earmarked for future years.

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