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Marek - no, indeed it was caused by bad financial management. A cruel deceit was exercised on them by uncontrolled and unsustainable spending. Every time Labour screw up the economy in this way as they have done in every period of office, it is always the less well off who get hit hard when the problems have to be addressed.
This is exactly why good financial management and controls are essential for a government ensuring that the wealth creators are not inhibited from doing their job so we get the economic growth, jobs and tax revenues to help the vulnerable.
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