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I dont entirely disagree over QE Sid but they have made so many other mistakes. The VAT fiasco for one is really going to bite them in Q1. So much of their fiscal easing has been misdirected and so it remains. Time to shift the burden of the recession away from business and onto the public sector with cuts in public spending and tax cuts for hard pressed businesses. Clearly that means a balancing act between stimulating business growth and savings to reduce the deficit, it is not an either or....
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