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Predicted that UK chancellor will borrow more in 2011/12 (05May11)

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Uploaded by on May 5, 2011

It's being predicted by some quango nobody has heard of, that the UK chancellor will have to borrow more money in the next year to cover a supposedly falling tax take.

Recorded from Sky News, 05 May 2011.

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  • @sopranosfan87 Sorry, but the state is not 'the economy' it is a tax consumer it produces no wealth.

  • @FreddyTheJumpingCat the idiot cut 7 billion pounds from the economy last year, then he put up VAT earlier in the year. both growth hamperers. and now a mountain of collosal cuts are coming taking more money out of the economy. the government is going to far and too fast. they should be halving the deficit and investing money in apprenticeships. not cutting taxes for big businesses.

  • @sopranosfan87

    You must know much more about economics than Osbourne to make such a statement. Tell me, what would your plans for economic growth be?

  • we are in so much debt,could someone tell me why we continue to borrow more to invade the world?

  • George Osborne is so clueless on economics. is anybody suprised that things are going wrong.

    TIME FOR PLAN B GIDEON!!!!

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