Posted by Hari on Tuesday, December 04, 2012 with No comments | Labels: benefits, Big Society, budget cuts, Cameron, credit crunch, elections, Osborne, taxation
...and Cameron is not happy...
UK 'could face austerity until 2018'
The chancellor may have to extend the squeeze on public spending until 2018 if the recent deterioration in growth prospects and tax receipts turns out to be permanent.The Institute for Fiscal Studies said George Osborne may then have to find another £11bn from tax rises or spending cuts, or miss one of his fiscal targets for 2015. BBC NEWS
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