George Osborne ‘will need to raise taxes to plug £64bn black hole’

George Osborne has been dealt a major blow after the country’s leading public finance think-tank said he will need to borrow £64 billion more than he planned in 2015 because of the poor performance of the economy. It means that spending on services like the police, defence, transport and justice …

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George Osborne ‘will need to raise taxes to plug £64bn black hole’

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