'No room' for income tax cuts

Updated
George Osborne visits AW Hainsworth factory
George Osborne visits AW Hainsworth factory

Britain's "dangerous" debt levels mean Chancellor George Osborne has no room for cuts in personal taxes like income tax, a think-tank has warned.

The UK's return to growth over recent months, coupled with figures last week showing state borrowing was lower than predicted, have prompted speculation that Mr Osborne could use next week's Autumn Statement to reward voters with tax giveaways.
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