Optimistic forecasts on tax receipts from Office for Budget Responsibility also spares cuts in frontline policing but fresh squeeze hits local councilsGeorge Osborne deployed an unexpected £27bn windfall in the public finances to execute a spectacular U-turn on his planned tax credits cleave and to spare frontline policing from still severe austerity imposed on Whitehall departments and councils.
The chancellor also announced a fresh squeeze on local government but used far more optimistic tax forecasts from the independent Office for Budget Responsibility (OBR) to delay inflicting pain on Britains working destitute and to announce extra spending on Britain’s infrastructure.
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Source: theguardian.com