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Will the next government inherit a poisoned chalice?

This week the problems and concerns regarding the UK economy will be laid bare to the world with confirmation of a record budget deficit, increased national debt and rising unemployment. The opinion polls show the Tory party with a significant lead, after the recent e-mail scandal, but many are now concerned that the next government in office will inherit such a poisoned chalice that they will have no chance of winning a second term.

Those who follow the political and financial scene would be well aware that the Conservative party is undergoing a concerted effort to make everybody aware that problems in the UK today will last well into the next government term. Time and time again people such as George Osborne are referring to "Gordon Brown's debt" and "Gordon Brown's public service cuts" in the hope that the mass UK population will appreciate the difficult situation they could possibly inherit at the next general election.

However, the world of politics and the world of finance is famous for its short-term outlook and by the time the next government is in office it will be "their problem". At this moment in time it seems inevitable that the Conservative party will take power in next year's general election although a day in politics is a long time never mind 12 months!

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