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Austerity For The Long Term

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These numbers only make sense if you assume the trend rate of growth of the UK economy is 2.75% per annum, as was the case during the Brown years and as the OBR's unreliable forecasts have erroneously maintained ever since.

If the actual trend rate of growth of the UK economy is instead closer to 0.75%, as recent experience suggests is the case, then the national debt blows up uncontrollably before 2020.


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  • 242 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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