Downing Street Says

» Friday, March 19, 2004

Budget

Asked for a reaction to a report by the Institute for Fiscal Studies (IFS) criticising the figures in the Budget, the PMOS said that financial commentators and organisations were perfectly entitled to express their views. However, it was widely acknowledged that the Chancellor’s forecasting had proved accurate in the past. All Government growth forecasts were based on prudent assumptions. This year was no different.

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Budget

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