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  Howard - no. Measures for growth are needed but not necessarily by spending more taxpayers dosh overall. If more money is to be spent in one direction then savings must be made in another.
  
  What is important here is that he sticks to his deficit reduction plan.
  
  I would prefer that he accelerate it personally as I have always said he is not being ambitious enough.
  
  I have substantial doubts as well about the value of large capital infrastructure projects. Their effectiveness will not be a great as some suppose, not in a modern economy. Yes, they can be on some benefit but it is so easy to exaggerate that as many do. There is more of a window dressing political value to them for Osborne than anything else.

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