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Today's CEBR bi-annual report on the London economy - entitled London and the City Prospects - comes a week after bumper earnings figures from US banks JP Morgan and Goldman Sachs. The CEBR predicts the next government will have to find around pounds 100 billion in tax rises and spending cuts to deal with the country's deficit. The CEBR predicts the next government will have to impose pounds 100billion in tax rises and spending cuts to reduce huge debt as the Bank of England pumps cash into the economy. |
CEBR |
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