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Stubbornly high Government borrowing means stark choices ahead in the Budget | Northamptonshire Chamber of Commerce
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Stubbornly high Government borrowing means stark choices ahead in the Budget | Northamptonshire Chamber of Commerce
Emeritus Professor Joe Nellis is Head of Economic Research at MHA, the accountancy and advisory firm. Public sector net borrowing of £18.3 billion in August provides another reminder of the fiscal straightjacket facing the Government ahead of the 28 October Budget. Borrowing remains stubbornly high despite the fact the UK already has an historically heavy tax burden.
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