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@Dammit
The current government have made a decision that the way to tackle the deficit is to impose austerity - a tactic which the IMF disagrees with, and has now been proved to be counter productive, as growth of the economy slows each time the cuts bite.
May sound counter-intuitive, but the way to get out of a deficit is to spend your way out.
Unless you hate the poor and your entire economic and political system requires that a pool of them is maintained.