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You have a high probability of being right! This is why I suspect that labour are happier targeting a path for the deficit, rather than a detailed outline of expenditure cuts. If growth is higher than forecast there will be no need! Worth also pointing out the if the BoE's balance sheet is consolidated, there is no debt problem ... However if QE is reversed that is arguably an increase in the deficit ...
Toggle Commented Mar 31, 2015 on The other deficit at Stumbling and Mumbling
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Mar 31, 2015