Britain's Chancellor of the Exchequer and the opposition Shadow Chancellor sparred Tuesday over the government's $30.5 billion stimulus package. Chancellor Alistair Darling defended the tax reorganization and spending plan by repeating that action beats sitting on the sidelines when dealing with a recession, The Times of London reported. Shadow Chancellor George Osborne said the ensuing $1.5 trillion national debt would slow the recovery. I think there was a big intake of breath by the nation when they realized ...

Text of report in English by official Chinese news