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    PaulB - at the time of the election the Euro crisis had not deepened. Look at the report and you will see Legarde's comment on the impact of that on growth.

    Labour have no growth agenda, they are opposed to every possible measure of real growth. Their idea of growth is a farce, piling up even more debt for longer, shoving up borrowing costs and running the risk of a downgrade and all the disastrous implication for growth of higher interest rates.

    Alexander - I have spoken against QE though Legarde supports it in her report, if the BoE thinks it necessary. A price is being paid now for QE1 and a price will soon be paid for QE2. You misunderstand the purposes of QE as well incidentally, not something I can be bothered to try to explain now. Also it is not 'non-stop' either. I have also said what the government does need to do on this thread and previously in the blog and other threads.

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