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UK taxpayers vent fury at Chancellor Of The Exchequer

Alistair Darling, the Chancellor of Exchequer, has set himself on a collision course with UK consumers after his comment that "UK consumers should learn to live within their means". This comment comes at a time when the UK government is literally wringing every penny it can out of the UK tax system to bail out the UK bank system and increase the U.K.'s funding to the IMF. However, does Alistair Darling have a point?

While there is no doubt that UK consumers, encouraged by the UK government, have overstretched their finances over the last few years, the UK government is not exactly preaching from a position of strength. With the UK annual budget deficit forecast to be around £175 billion this year and remain in deficit for the foreseeable future, surely the UK government should gets its own house in order before it criticises the UK consumer?

There is also the small fact that UK national debt has now reached £1.2 trillion with many experts believing it could top £2 trillion before it starts to fall back. Can you guess who will be expected to increase payments to the tax system? Yes, it will be the UK consumer, the group which Alistair Darling believes has been living beyond its means for some time!

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