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    Marek - I have been warning of a 'double dip' since early in the recession as a direct result of Labour's policies and did so after the PBR in 2008. I said only a couple of months ago that a double dip is more likely than ever. What the timing of that second dip will be is now more uncertain. The European problems look likely to exacerbate this in the medium term outlook. Labour are trying to spin this but their economics are those of the madhouse.

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