Britain to pitch international tax cut

LONDON, Nov. 11 (UPI) -- British Prime Minister Gordon Brown is calling for an international agreement among major economies to cut taxes to stimulate the global economy.

"This is a chance for the world to work together so that a fiscal stimulus in one country can benefit from fiscal stimuluses that are taking place in other countries as well," Brown said while outlining his plans for the global financial summit meeting scheduled for Washington at the end of the week, The Times of London reported Tuesday.

"That is how the world is going to restore economic activity," Brown said.

"A fiscal stimulus means that you are prepared to add to borrowing in conditions where you have low national debt to enable the economy to move forward," he said.

Brown's handling of Britain's financial crisis has given him renewed confidence and political clout, The Times said. In a recent opinion poll, Brown's Labor party cut the Tories lead in opinion polls from 15 to six, The Times said.