|
Those earlier estimates also expected Britain's biggest export
market -- the crisis-hit group of 17 European Union countries that
use the euro -- to be growing by about 2 percent this year. The
latest European Commission forecast is for 0.1 percent this year. Osborne's colleagues in government are also hoping that the statement
won't be a repeat of the spring Budget. Then, Osborne presented a series of
unpopular measures that not only gave a tax cut to the wealthiest taxpayers,
but eventually led to embarrassing reversals on his plans to raise taxes on
hot meat pies, reduce tax relief for charitable donations, and to go ahead
with a hike in the tax on auto fuels.
[Associated
Press;
Copyright 2012 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
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