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Re: Budgets, surpluses, deficits
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Originally Posted by ianch99
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From the first article, it would seem he has reached an outcome, and looks for information to back that up...
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An experiment that proved this was run by Jonathan Portes, head of the National Institute for Economic and Social Research. He looked at the cost of UK debt financing before the election when markets, like most observers, expected a coalition government of some kind, most likely led by Labour. When a Tory victory was announced, the bond market, where government debt is bought and sold, was expected to leap for joy. It did not move – the conclusion being that the difference between a small deficit to fund investment under Labour and surpluses under the Tories left them untouched.
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Another possible conclusion is the bond market may have dropped if Labour won.....
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