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    I have just read this on the Spectator:

    """"There is going to be some extremely bad news in the Budget. Public sector borrowing is rocketing out of control, and is now expected to hit around £190 billion in 2010/11, and threatens to bury any recovery and create a double dip recession."""

    Remember where you heard about a risk of double dip recession first, from me. I have been warning of this for months and now the press are catching up with me. I did identify a different but associated direct cause, increasing taxes at the wrong time, as a result of needing to deal with this defecit.

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