Os­car ‘out in a year’ for killing

Os­borne blow as deficit grows

Midweek Sport - - NEWS -

CHAN­CEL­LOR George Os­borne suf­fered a fresh blow as the six-year squeeze on earn­ings growth was blamed for the lat­est of­fi­cial fig­ures show­ing a widen­ing hole in the pub­lic fi­nances.

The data from the Of­fice for Na­tional Statis­tics showed rev­enues from in­come and wealth taxes failed to grow com­pared to the same month last year.

Bor­row­ing for Septem­ber was up to £11.8bn, £1.6bn, up on the same time a year ago.

It means that half­way through the fi­nan­cial year, PAR­A­LYMPIAN Os­car Pis­to­rius has been jailed for five years for killing his girl­friend Reeva Steenkamp – but he could be out in less than a year.

The am­putee ath­lete, known as the Blade Run­ner, stood star­ing straight ahead as the judge in the Pre­to­ria, South Africa, court an­nounced his the Trea­sury is well be­hind the tar­get for a 12% fall in the an­nual deficit ex­pected.

Economist Howard Archer said: “The Gov­ern­ment’s cur­rent fis­cal prob­lems largely re­flect the fact that much weaker-than-ex­pected earn­ings growth has limited in­come tax re­ceipts, along with a large num­ber of peo­ple now be­ing in low-paid jobs or self-em­ployed.

A Trea­sury spokesman said: “The im­pact of the great re­ces­sion is still be­ing felt in our econ­omy and the pub­lic fi­nances.”

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