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Cowen plays asteady hand

17th Nov 2006, 07:42 GMT

Looked at from a top-down perspective, yesterday's abridged Estimates are a modestly good start to the budgetary process. Having ramped up spending before the last election, fears that the Government would use next month's Budget to engineer a pre-election binge were entirely justified. But if Brian Cowen's approach in December is consistent with the plans announced yesterday to increase spending by 8 per cent, then those fears will be laid to rest.

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