Debate House Prices
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Obama Right Osborne Wrong?Lab Win Means US Business?
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By way of interest, I have done the same calculation for FY 2009-10, the last year Labour were in power:
UK Tax Revenue: £528,900,000,000
UK Government Spending: £687,900,000,000
New debt: £159,000,000,000
National debt: £1,156,200,000,000
As you can see, the Conservative Government has reduced the deficit by increasing taxes pretty dramatically while holding down the rate of growth of Government spending.
Obama has recently intimated that if Cameron takes Britain out of the EU, then the US will lose interest in the UK, business-wise (as I thought would happen!)0
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