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PM sticking to economy plan

Prime Minister David Cameron will promise to continue "sticking to the plan" on the economy, despite the loss of the country's AAA credit ratings and signs from his Business Secretary Vince Cable it was time to change course.

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Cameron: Deficit reduction plan is working

David Cameron will argue his plan to cut the budget deficit is working during a speech in West Yorkshire today.

He will say that the deficit is already down by a quarter, and that point to low interest rates and increased export rates to some of the fastest growing economies to the world show the progress already being made. He is expected to say that over the past three years:

  • Exports to Brazil are up by a half
  • Exports to India are up by more than a half
  • Exports to China have doubled
  • Exports to Russia are up by 133%

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