It is a reminder that the Government has been running a sizeable off-budget deficit via PFI deals and deficits in businesses that are really government-run but structured in a way that aims to technically keep them out of the public sector deficit.
More Quotes from Michael Saunders:
The drive and motivation to succeed that these individuals possess contribute to the overall success of our organization. We greatly appreciate their efforts and encourage Brenda and Christina to continue on their successful paths. We look forward to their continued growth within the company.Michael Saunders
Adrienne's talent and creative sense of proportion and elegance sets her apart from others. She did it once in fashion and now she's doing it in home design.
Michael Saunders
As a result, 2006 probably will see only a modest pick-up in economic growth, rising unemployment and, with public spending still growing quite rapidly, another overshoot in the fiscal deficit.
Michael Saunders
A couple of years ago I would have thought that business investment would grow pretty strongly. That hasn't been the case due to a combination of more regulation and taxes, lower-cost countries and pensions and I don't see that changing. It's certainly hard to see business investment recovering enough to get the economy growing above trend.
Michael Saunders
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Based on Topics: Business & Commerce Quotes, Government QuotesBased on Keywords: government-run, off-budget, pfi
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