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    Like you Sid, just adding to the debate.

    These are important issues and background to the budget.

    The last time we had deflation for a period was 1960 and there followed a long fight with inflation, once called the Briish Disease. I am pointing out the factors that are likely to give rise to this again to underline the need for substantial public spending cuts.

    The last thing we need is 29% inflation as we had back in 1977.

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