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UK government discussing spending cuts

Despite only last week come out into the open and admitting that investment cuts would be required in the short to medium term, Gordon Brown and Alistair Darling have spent most of the last few days around the table with a number of UK ministers. It seems as though the government is deep in discussion with regards to future spending cuts which may be more than many people are expecting.

In the short to medium term the UK government budget is in disarray and set to overshoot the original forecast of £175 billion for the 2009/10 tax year. As a consequence we may well see "savage cuts" which could be somewhere near the 10% which many believe the Tory party has planned if it was to gain power. Either way there is no doubt that the UK budget will be under significant pressure in the short to medium term and taxes will also inevitably rise in the short to medium term.

Whether the UK government will "come clean" on spending cuts before the next general election remains to be seen but at this point in time many voters are not willing to accept promises on face value.

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