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Philip Hammond has attacked Labour after it was revealed that over 100 countries are better prepared than the UK to weather the economic slowdown.
According to the World Economic Forum, 104 countries were better prepared than the UK at the start of the downturn, and our budget deficit of 3% was only marginally better than that of Ethiopia, Nicaragua, and Tunisia.
We have also fallen from 9th to 12th place in the international competitiveness league table.
Philip, Shadow Chief Secretary to the Treasury, said, “Stealth taxes, a persistent skills gap, red tape and poor management of the public finances have all taken their toll on Britain’s reputation as a place to do business.”
Philip is Shadow Chief Secretary to the Treasury. He believes strongly that the first responsibility of Government is to promote economic stability.
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They say if you repeat a lie enough, people will start to believe it. Gordon Brown is banking on you believing that he won't cut public spending. Don't let him take you for a fool.
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Shadow Chancellor, George Osborne and Shadow Cabinet Office Minister, Francis Maude, launched a consultation on a series of proposals, entitled It's Your Money, designed to create a new culture of financial discipline across Government.
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