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""""""Given Osborne's visceral, personal hatred of Ed Balls, the brains behind Brownonomics, it is shocking how indistinguishable so much of Coalition policy remains from Labour's. Osborne's over-reliance on monetary and credit policy - including endless quantitative easing and the latest, dangerous gimmick that is funding for lending - remains straight out of the Labour rulebook. The bulk of deficit reduction so far has come from tax hikes. Total, real-terms spending cuts to date add up to barely more than 1pc of expenditures.""""" - Allister Heath in The Telegraph
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