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Britain faces more austerity medicine, whoever wins

Conservative Prime Minister David Cameron positions himself as a saviour of the British economyIn the cacophony of slogans ahead of Britain’s general election on May 7 one thing is for sure — the country faces more austerity whichever party wins. Conservative Prime Minister David Cameron positions himself as a saviour who rescued the debt-ridden economy he inherited when coming to power in 2010. With economic growth picking up to 2.8 percent in 2014 and the unemployment rate falling to 5.6 percent, his Labour rival Ed Miliband has an uphill task. Labour point out the average wage of a British worker has fallen by £1,600 ($2,429, 2,234 euros) a year since Cameron took office — and that many new jobs being created are badly paid and offer little security.

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