UK prime minister Gordon Brown and French President Nicolas Sarkozy will hold talks today in London on further action to stimulate the global economy in the face of the worsening economic downturn.
The two leaders will meet in Downing Street, together with European Commission President Jose Manuel Barroso, ahead of this week’s European Union summit in Brussels.
Afterwards they will join a roundtable discussion on how best to alleviate the current problems with business leaders at Lancaster House.
While France, like Britain, has launched it own “fiscal stimulus” package of tax and spending measures to try to get its economy going again, the Prime Minister’s spokesman said last week that more needed to be done across Europe.
Officials said that today’s meeting would be looking at measures to ease the pressure on firms, such as cutting red tape to help reduce costs.
Mr Brown is said to be keen to see more funds released through the European Investment Bank to increase the flow of credit available to business at a time when lending from the banks remains extremely tight.
The leaders will also be considering ways of generating new “green collar” jobs through the move to a low-carbon economy.