Cable Forum - View Single Post - Autumn Statement: Bleak borrowing prediction rocks George Osborne’s deficit hopes.

Mr Angry · 01-12-2014, 00:07

More financial chaos.

"The Government will have to borrow as much as £75bn more than it intended over the next five years, delivering a damaging blow to Chancellor George Osborne’s hopes of claiming that the Government has the country’s deficit under control.

In Mr Osborne’s last Autumn Statement this Wednesday before the general election, his attempts to boast of the Conservatives’ economic record are set to be over-shadowed by new, bleak fiscal forecasts from the Office of Budget Responsibility (OBR). Collapsing revenues from oil sales, stamp duty and income tax mean the Chancellor will be forced to admit his plans to bring the deficit down could be knocked off track."

Indy

01-12-2014, 00:07	#1
Mr Angry Inactive Join Date: Jan 2006 Location: Belfast Posts: 4,785	Autumn Statement: Bleak borrowing prediction rocks George Osborne’s deficit hopes. More financial chaos. "The Government will have to borrow as much as £75bn more than it intended over the next five years, delivering a damaging blow to Chancellor George Osborne’s hopes of claiming that the Government has the country’s deficit under control. In Mr Osborne’s last Autumn Statement this Wednesday before the general election, his attempts to boast of the Conservatives’ economic record are set to be over-shadowed by new, bleak fiscal forecasts from the Office of Budget Responsibility (OBR). Collapsing revenues from oil sales, stamp duty and income tax mean the Chancellor will be forced to admit his plans to bring the deficit down could be knocked off track." Indy