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Budget 2013: Detailed budget leak claimed by Evening Standard
by David Campbell on Mar 20, 2013 at 12:44
As Parliament sat down to await George Osborne's fourth budget of this government, the Evening Standard tweeted an image of their front cover appearing to show detailed leaks from today's announcement.
The newspaper claimed Osborne would announce:
• 1 penny off the price of a pint of beer, and the fuel escalator has been scrapped
• Fuel duty: the 3p per litre increase in the fuel duty scheduled for September is cancelled
• The economy is expected to grow by just 0.6% this year, not 1.2% as expected. Then growth of 1.8% in 2014, and 2.3% in 2015
• The national debt will hit 85% of GDP, and will not start falling until 2017-18 (a year later than expected)
• Whitehall spending cuts will reach £3bn, not £2.5bn as expected, to fund a capital expenditure programme.
• The Income tax allowance will rise to £10,000 by April 2014; corporation tax will fall to 20%
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