Monday 3 December 2012

Guardian says: George Osborne prepares for climbdown on missed fiscal targets

Chancellor must admit he cannot meet second target of reducing debt as proportion of national income by end of parliament.

George Osborne has prepared the ground for a damaging admission in Wednesday's autumn statement that lower than expected growth means he will breach the second of his fiscal targets, on reducing debt as a proportion of national income by the end of the parliament.

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