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    Spot on David - we are even so still borrowing £billions every month because of the size of the deficit.

    Higher deficit spending or delays to reducing it will damage our credit rating and push up interest rates, we will pay more on our mortgages and business loans seriously damaging any chance of recovery.

    If Osborne clamps down further on the deficit, to be fair to Brian, he may be able to justify some borrowing for capital projects many of which are planned already by the coalition, but - the benefit is dubious as they are likely to just bring in more Polish builders to do the jobs as we have been seeing already.

    The best stimulus is by further public spending cuts to reduce the tax burden on businesses and on employing people plus chopping the red tape burden on business to deirisk employment and in so doing boost growth.

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