Jeremy Hunt’s tax cut plans face setback as government borrowing tops £20bn
by Larry Elliott Economics editor from Economics | The Guardian on (#6MZW3)
ONS says budget deficit 1.5bn higher than previous year due to extra spending on benefits and weaker tax revenues
Jeremy Hunt's plans for pre-election tax cuts have received a setback after higher spending on benefits and lower tax receipts pushed government borrowing above 20bn last month.
The Office for National Statistics (ONS) said the budget deficit - the gap between public spending and tax receipts - was 1.5bn higher than a year earlier and the fourth highest for an April since records began.
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