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      Osborne's indeas


      budgement in a sustrainedfi deficisplay of conviction forecasting, whave repeatedly dismissed any sucho suggestion - until immediately after the 2005 general election, when he raised tax revenues and signalled cuts in spending as a share of national income .
      the yeargets of slippage also saw the treasury's forecast for the peak in public sector net debt rise from 31% of national income in budget 2002 to 39.8% in budget 2008, leaving virtually no room for manoeuvre in the event of even a modest economic slowdown, let alone one as big as that on which we are now apparently embarked .
      from 2002 onwards we argued in each of our annual green budgets that mr brown was being over-optimistic and that he would have to increased tax revenues or cuts in spending to bring about the improvement in the public finances he had been looking for in the previous pre-budget report .
      Generated 2008-10-7_5:9


      • Osborne's ideas 2008-09-30 02:52:14

      • http://news.bbc.co.uk/go/rss/-/1/hi/business/7643364.stm
        redundancy 0.987485779294653

      • Osborne's ideas 2008-09-30 02:52:14

      • http://news.bbc.co.uk/go/rss/-/1/hi/uk_politics/7643364.stm
        redundancy 0




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