Critics, though, have voiced dissatisfaction with the recent tax hikes and public spending cuts.
Osborne contends that “abandoning that now, as some argue we should, would only risk British jobs and growth.” He points out that austerity measures and tax increases are necessary to reduce the deficit.
However, TUC General Secretary Brendan Barber recently stated, “the treatment has turned out to be worse than the disease, and with the government borrowing more last month than they did a year ago, they are not even tackling the deficit effectively.”
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Max Chen contributed to this article.