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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Monday, 3 December 2012
Guardian says: George Osborne prepares for climbdown on missed fiscal targets
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