OECD gives chancellor stark warning

Link: Election steers PBR predictions

The OECD warned that government borrowing would outstrip Gordon Brown’s forecasts, and that growth next year would most likely fall short of his expectations.

The Paris-based think-tank said this would leave him little choice but to raise taxes or cut back on his spending plans.

This stark assessment arrives just prior to the chancellor’s pre-Budget report tomorrow (Wednesday).

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