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Osborne could ditch debt target - IFS

Osborne could ditch debt target - IFS
George Osborne may have to abandon his key fiscal target if the UK’s economic performance does not pick up, a new report has warned.

Ahead of the Autumn Statement, the Institute for Fiscal Studies said that if government borrowing continued to rise, as it had this year, then the Chancellor should consider discarding his pledge to have the debt to GDP ratio falling by 2016.

The IFS also warned that austerity might have to continue until 2018, with a further £11bn of cuts to be found.

Meanwhile the Financial Times reports that the Chancellor will also use the statement to announce the Treasury is taking control over the sale of public land owned by government departments.

Green Box: Osborne could ditch debt target - IFSClick to open

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