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MPs: Budget to hurt economy
GEORGE Osborne’s austere emergency Budget last month has raised the probability of slower growth in the short term, an influential group of MPs said yesterday. MPs on the Commons’ Treasury committee also leaned on Osborne to rein back fiscal tightening if the economy does worsen. “It appears that there has been a slight increase in the chance of near-term negative growth and an increased likelihood of positive growth in the outer years,” it said.