Chancellor will fail to cut debt

Sunday Mirror reports on IEA pre Autumn Statement briefing

Households face an £840 bill as the Chancellor struggles to fix a ­£22billion blackhole in his spending plans.

Tory MPs on the Free Enterprise Group are warning George Osborne he will fail to honour his pledge to cut Britain’s debts unless he orders more spending cuts or tax hikes.

They have calculated that he has a £22billion hole in his £123billion package of spending cuts and tax increases.

The MPs will urge him to take action to stop the country falling back into recession at an event tomorrow in Westminster with the Institute of Economic Affairs – just days before Mr Osborne announces fresh plans to boost the economy.

Rea the full article here.

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