MOSCOW (Sputnik) — In an interview with the Financial Times, he called on the United Kingdom to exploit low borrowing rates establishing the "Growing Britain" fund worth up to $130 billion.
Javid's plan to bolster the British economy amid fears it could fall into recession also stipulates tax breaks for businesses to encourage investment among other measures.
Pessimism about the consequences of the United Kingdom's voters decision to leave the European Union taken at the referendum on June 23 was aggravated on Tuesday after the Bank of England said that the current outlook for the country's financial stability was challenging.
