Tax credits and infrastructure: Osborne's spending review rabbits in the hat
by Larry Elliott from Economics | The Guardian on (#VRH7)
Changes to how Office for Budget Responsibility calculates future finances gives chancellor another 27bn - but will their assumptions be proved correct?
Chancellors love to spring surprises. Nothing gives them more pleasure than to pull a rabbit out of a hat, usually right at the end of a budget speech.
George Osborne went one better on Wednesday. With a flourish, he conjured up not one rabbit but three.
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