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Gordon Brown attacks Tory policy on budget deficit

Despite the fact that the UK budget deficit is set to hit £178 billion for the current tax year Gordon Brown seems adamant that his government's spend, spend, spend policy must continue for the foreseeable future. He has today drawn the battle lines for the forthcoming election with suggestion that a premature reduction in spending by the Tory party could tip the UK economy back into recession.

As David Cameron continues to attack the government's record on spending and investment in UK, it seems we have two very diverse policies regarding the budget deficit. While it has to be said that each argument has certain justifications and certain elements of truth to them, the fact is that the UK taxpayer can ill afford further massive investment into the UK economy for the foreseeable future. UK national debt is already over £1 trillion and set to increase for at least the next two years as the budget deficit continues to grab centre stage.

There is no doubt that the performance of the UK economy will be the focal point of the forthcoming election and many people believe Gordon Brown will find it difficult to justify his various decisions from his days in the Treasury to his days in the hot seat.

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