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What the Budget didn’t tell you

Taxes will have to go up if the deficit and the growth in public debt is to be brought back under control

By George Magnus  

Cameron and Osborne will be happy with today's performance, but some nasty surprises await in the next parliament. © PA/PA Wire/Press Association Images

The promise of no gimmicks or give-aways in George Osborne’s last Budget before the election was greeted with widespread disbelief. But there were no pre-election rabbits to be plucked out of the hat. On the contrary. The Chancellor seemed to find virtue in a “steady-as-she-goes-and-you-will-benefit”…

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