Osborne: No tax cuts before the next election

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Chancellor George Osborne has signaled he is unlikely to cut taxes before the next election as the world economy faces a crisis "at least as serious" as the 2008 banking collapse.

Osborne told The Daily Telegraph his focus in the autumn is on helping business. The Chancellor said he does not believe in "tax cuts for Christmas" and refuses to rule out a new levy on multi-...

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