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UK government pledges to spend whatever it can to keep people in employment

As we approach the next general election it is no surprise to see Alistair Darling, the Chancellor of the Exchequer, suggest that the UK government will do everything within its means to keep people in jobs, no matter what the cost. Even though UK national debt has now topped £1 trillion and the annual budget deficit is set to top £175 billion this year it seems Alistair Darling is set to pull yet another financial rabbit from his hat!

Despite attacking the Tory party for its straight talking regarding public-sector expenditure, which is set to fall significantly over the next few years whichever party is in power, a short-term increase in government expenditure is expected with accusations of voter bribery likely to be aimed at the government. There is also a feeling that the UK government will soon be forced to "come clean" on public sector investment in the future which cannot be maintained at the current rate due to fiscal pressures and lack of funding.

The last few weeks has seen Alistair Darling and Gordon Brown particularly quiet after the announcement that France, Germany and Japan have seen their economies move into positive territory while the UK is still suffering. UK consumers can expect a barrage of upbeat statements and comments from the government over the next few months as we step ever closer to a vital general election.

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