Osborne Gets Boost From Tax Revenues

The HeraldFebruary 23, 2011

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Summary


Stronger tax revenues helped Britain to a bigger-than-expected budget surplus last month, raising the possibility the Government might borrow less than planned in the 2010/11 fiscal year.

However, there is a strong chance Chancellor George Osborne will bank any savings rather than shower largesse in his March 23 Budget, as economists expect it to be harder for him to meet the coming financial year's tougher borrowing targets.

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Osborne Gets Boost From Tax Revenues

"Borrowing is likely to undershoot the OBR's full-...

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