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	<title>financial news &#187; GlaxoSmithKline Plc</title>
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		<title>Sweeping spending cuts and tax increases will be required across the industrialized world</title>
		<link>http://www.financial-news.org.uk/sweeping-spending-cuts-and-tax-increases-will-be-required-across-the-industrialized-world/</link>
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		<pubDate>Fri, 06 Nov 2009 16:23:49 +0000</pubDate>
		<dc:creator>tom</dc:creator>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/?p=1577</guid>
		<description><![CDATA[
Sweeping spending cuts and tax increases will be required across the industrialized world over the next decade to bring public finances under control following the economic crisis, the International Monetary Fund warned on Tuesday. The IMF projected that on current trends, even assuming some discretionary fiscal tightening next year, government debt in the advanced G20 [...]]]></description>
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		<title>G8, allows themselves a pat on the back</title>
		<link>http://www.financial-news.org.uk/g8-allows-themselves-a-pat-on-the-back/</link>
		<comments>http://www.financial-news.org.uk/g8-allows-themselves-a-pat-on-the-back/#comments</comments>
		<pubDate>Mon, 15 Jun 2009 09:18:53 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<guid isPermaLink="false">http://www.financial-news.org.uk/?p=1179</guid>
		<description><![CDATA[Members of the G8, representing the World&#8217;s leading nations met over the weekend. They had a nice lunch and gave themselves a major pat on the back, by announcing that the largest economies are beginning to stabilise. However they hastened to add that there are significant risks around that could put a halt to recovery [...]]]></description>
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