Oscar ‘out in a year’ for killing
Osborne blow as deficit grows
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.”