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Osborne: UK misses deficit target, hikes growth outlook

Chancellor of the Exchequer George Osborne (L) and the Chief Secretary to the Treasury Danny Alexander leave the Treasury for the House of Commons to deliver the autumn statement, in central London on December 3, 2014London (AFP) – Chancellor of the Exchequer George Osborne unveiled Wednesday his last major budget update before next year’s general election, admitting a key deficit-cutting target had been missed but revising up economic growth forecasts.

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