It is true that a Labour government would have imposed major cuts in public spending had they retained power, but the Tory Lib budget tomorrow promises some major reductions that could affect the recovery. Any economist would tell you that if you stifle the process before the end of a recession than you risk prolonging the period of economic pain so the Tories are taking a major risk by intervening too early. It would also seem that those that are less well off will pay more especially if VAT is increased. It is interesting that a Tory government will be increasing taxation!
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