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As the situation in Greece, Portugal, Spain and other Eurozone economies continue to worsen there is increasing pressure on the Eurozone which has seen the dollar and sterling move higher. Despite...
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Tuesday 24th November 2009
Yesterday’s CBI conference was the venue for two very different speeches by Gordon Brown and David Cameron. In effect the two party leaders were looking to woo UK business leaders with a number of pledges for the future and a promise to restore the UK economy to its former glory. So who came through?
Gordon Brown again reiterated that the UK government is looking to half the current budget deficit within four years and continue pouring more and more money into the UK economy. On the flipside, David Cameron is looking to reduce business taxes and "set free" the entrepreneurial spirit in the UK. These are two very different approaches to the problems facing the UK economy in the short, medium and longer term and while both have their positive and negative aspects they will ultimately form the crux of the various party manifestoes going forward.
Traditionally the Labour Party has always been seen as a supporter of "the people" while the Conservative party has been tagged as a party for business. However, over the last few years the emergence of "new Labour" has seen the party venture into traditional Tory heartlands although there appears to be a move back to more traditional positions as we approach the next election. |
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