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UK government deficit increasing by £3 billion a week

As we approach the end of 2009 the government forecast of a budget deficit for 2009 of £175 billion looks now to be dead in the water. Recent figures show that the budget deficit is now increasing by £3 billion a week and the UK government is in severe trouble as we approach the next general election. Despite the fact that Gordon Brown has pledged to half the budget deficit within four years this appears to be a very ambitious target and one which is unlikely to be met, whether Labour or the Conservatives win the next general election.

There is no doubt that the ever growing UK budget deficit, together with record national debt, is holding back the UK economy in the short to medium term. Recent figures show that the UK is falling behind its European counterparts as well as the likes of America and Japan who have already broken out of the recessionary cycle. Despite various promises from the UK government, confidence in Gordon Brown and he is fellow ministers is falling each and every day due to promises which have been left unfulfilled.

The walls are closing in on Gordon Brown and there is very little he can do about it!

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