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Tory party fightback with tax break plans

After initially seeming to ridicule Gordon Brown's rumoured £15 billion tax cuts it seems as though the Tory party have a programme of tax breaks of their own to announce over the next few days. However, it appears as though the Tory party plan is to give equal tax breaks to business and the consumer thereby ensuring that the UK economy can grow on both sides. David Cameron has suggested that "we will not walk on by" as the dole queues continue to lengthen in the UK.

This sets up the intriguing prospect of a battle between Labour and the Conservative party for the high ground on tax cuts. Historically this has been a Conservative stronghold and one which the Labour Party has attacked on numerous occasions in the past. Quite how this will pan out remains to be seen as it looks certain that taxes, and the economy, will be the main topic of debate for the 2010 general election.

No matter what happens over the next few weeks it seems inevitable that the level of debt built up by successive UK governments is set to approach the £600 billion level, the highest in living history.

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