Chancellor announces eye-catching measures including sugary drinks levy and tax cuts,but Office for Budget Responsibility warns of fiscal holeGeorge Osborne’s attempt to woo voters ahead of Britains EU referendum has advance under immediate and intense scrutiny after he used a range of accounting devices to disguise a looming £56bn “black hole” in the government’s finances and deliver a promised surplus by the end of the decade.
Despite being faced with a markedly weaker outlook for the economy, the chancellor announced a range of eye-catching measures on Wednesday including a levy on sugary drinks, and lower income tax bills,a prick in corporation tax and attend for small businesses, in a budget he said would “set the next generation first”.
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Source: theguardian.com