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UK has worst October deficit since 2009 in blow to Osborne
Published:
20 November 2015
Britain recorded the largest budget deficit for any October since 2009, dealing a blow to George Osborne less than a week before he issues a key fiscal statement. Osborne has also promised to use his statement next week to soften the impact of a plan to cut the cost of tax credits. "He’s either going to do something to soften the transition or offer help to those who will suffer as a result, as reneging on it is unlikely," said Professor
Tim Bale
. "If he’s got his eye set on moving next door, he should take heed of those voices telling him not to go that strongly on cuts."
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