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Thursday, January 31, 2008

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A brutal slowdown? Hardly. True, Morgan Stanley's economic projections include a more pessimistic scenario in which the UK economy suffers a ‘technical recession’. But they see only a one-in-three probability of this; I would rate the chances even lower..

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Someone told me last year a snap round the Euro elections would be least worst for Labour since UKIP would split some of the Tory vote (when people's minds are on Europe). Not sure how true that is. But a closer match is probably best for us. It is not as if we are going to benefit from a large Tory majority so, for libertarians, best if they keep it close and, if possible, stagnant!

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This is hardly a slowdown, in fact I believe more recent economic projections only state the UK is in a recession.

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The main finding of the Institute for Fiscal Studies annual alternative fiscal health check is that tax revenues are more buoyant

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