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Gordon Brown considering emergency tax cuts

As we commented upon yesterday there is growing speculation that Gordon Brown is considering up to £15 billion in tax cuts in the UK at a time when the economy appears to be plunging from disaster to disaster. However, while the speculation grows about possible tax cuts there is growing concern about how this move would be funded and the ultimate aim of such a program.

The Tory party has warned Gordon Brown that substantial tax cuts at this moment in time have the potential to crucify the UK economy and literally leave the next generation to pay back the billions of pounds of debt built up over the last six months. The UK budget deficit is already in the region of £50 billion for the current year and forecasts for next year are in a region of a further £100 billion in expenditure.

The Tory party is suggesting that Gordon Brown is putting party politics head of the UK population with approaching £2000 being borrowed for every man, woman and child in the UK. This is a major gamble of by any stretch of imagination but if successful it has the potential to see Gordon Brown regain the high ground in the political scene.

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