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    I heard a few talking heads yesterday on this woeful revelation that we're flatlining on growth. is it hardly surprising..we have been cut so tight that none of us have any money left to spend in the High St or anywhere else. VAT at 20% was a mistake as it has just taken money out of peoples pockets. According to one report yesterday people have 6% less in their pockets, 6% less spending power than they had at the same time last year.

    This has cut demand as people cannot spend what they dont have. If there is no demand, no new jobs will therefore be created. Jobs are only created when the demand is there. So as a consequnce there will be no increase in private sector jobs or nothing on a significant scale.

    We are only a tiny percentage point above re-entering recession.

    As Ed Miliband said yesterday in The House...Cameron has been in charge for a year now and cant blame anyone else. This rattled the PM while his deputy gazed soporifically into the distance.

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