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Pre-Budget Report

Part of Oral Answers to Questions — Work and Pensions – in the House of Commons at 3:29 pm on 24th November 2008.

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Photo of John Baron John Baron Opposition Whip (Commons) 3:29 pm, 24th November 2008

The Government have not denied that, after this pre-Budget report, they will have borrowed more than all previous Governments combined. Given that the tax increases that the Chancellor announced today represent only a small fraction of the moneys needed to plug the black hole that he has created, will he at least admit that he may be forced to consider further tax increases, particularly if the recovery takes longer to come through than expected?

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