Financial Times FT.com

Recession alert hits Brown relaunch

By George Parker and Chris Giles

Published: September 2 2008 12:20 | Last updated: September 2 2008 21:32

Gordon Brown on Tuesday unveiled a £1.6bn package of measures to boost the collapsing housing market, even as his long-awaited economic relaunch was overshadowed by claims that Britain was sliding into recession.

The prime minister insisted that the measures, including a one-year stamp duty holiday on house purchases of up to £175,000, would help a “resilient” UK economy withstand the global downturn.

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