Chancellor urged to give precedence in his budget to low earners and consume spare money to offset welfare cuts by Labour and Lib DemsChancellor George Osborne is under pressure to shelve promised tax cuts for the well-off as he looks to plug a massive and unexpected black hole in the public finances.
In his budget on Wednesday,Osborne faces one of his toughest political and economic tests to date as he tries keep his deficit reduction strategy on course after a period of weaker than expected growth, while honouring Tory election pledges to lop personal taxes.
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Source: theguardian.com