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Economy
In reply to the discussion: STOCK MARKET WATCH -- Monday, 26 November 2012 [View all]xchrom
(108,903 posts)14. UK 'could face austerity until 2018'
http://www.bbc.co.uk/news/business-20470864

The think tank's analysis takes account of a weaker outlook for the economy
The chancellor may have to extend the squeeze on public spending until 2018 if the recent deterioration in growth prospects and tax receipts turns out to be permanent, a think tank has said.
The Institute for Fiscal Studies said George Osborne may have to find another £11bn from tax rises or spending cuts if the economy does not pick up.
This is on top of £8bn of cuts already mooted in the Budget.
Mr Osborne will deliver his Autumn Statement on 5 December.

The think tank's analysis takes account of a weaker outlook for the economy
The chancellor may have to extend the squeeze on public spending until 2018 if the recent deterioration in growth prospects and tax receipts turns out to be permanent, a think tank has said.
The Institute for Fiscal Studies said George Osborne may have to find another £11bn from tax rises or spending cuts if the economy does not pick up.
This is on top of £8bn of cuts already mooted in the Budget.
Mr Osborne will deliver his Autumn Statement on 5 December.
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