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How long we will we have to pay for the credit crunch?

Tomorrow's budget will be a shock for many in the UK with the public-sector budget set to be slashed and taxes set to increase across the board. We have all seen the headlines, we have all heard the doom and gloom from the experts but tomorrow will be a very different day, when reality kicks in and we realise that we will be paying for the credit crunch for many years to come. It is difficult to appreciate the problems which the UK government is facing with UK national debt set to top £1 trillion and the budget unlikely to be balanced for many years.

The talk of the downturn costing thousands of pounds for each and every household in the UK is not over dramatising the situation but a reality that we will all face tomorrow. However, once all of the bad news is out of the way then we can start to rebuild the UK economy and start to look ahead. There will be pain, there will be issues, there will be industrial action and there will be job losses but all of the bad news should be out of the way by this time tomorrow.

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