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I was reading this article and I'm not sure about the meaning of this sentence:

Despite rise in inflation and borrowing, chancellor to court medium earners in 'steady-as-she-goes' financial package

Could you explain me what the author meant by "steady-as-she-goes" financial package?

Could it be something like "a financial package that is congruent with previous economic policies"?

PS: Is this kind of question appropriate for this site?

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Dear Gelu, welcome to English Language & Usage. Your question is perfectly appropriate! –  F'x Mar 23 '11 at 12:55

2 Answers 2

up vote 7 down vote accepted

It was originally a maritime expression, where she refers to a vessel and it is an instruction to maintain the current course. So the author is saying that with this budget, the chancellor is continuing in the same policy direction.

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I'd upvote but I don't have enough rep yet :). F'x's answer is good too but this one explains not only the idiom but also the sentence from the article. –  Gelu Mar 23 '11 at 13:06
    
Welcome to the site :) –  z7sg Ѫ Mar 23 '11 at 13:08

The original expression refers to a ship (hence she), and means to keep on a steady course. A discussion thread here says:

It is an instruction from the captain to the helmsman of a ship, to keep the ship heading steadily on the same course regardless of gusts of wind or cross-currents.

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