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UK Budget implications will cost 900,000

Thu, 21 Mar 2013

Eddie Teare
Eddie Teare

The Treasury Minister has responded to the UK Budget saying it will have a number of implications for the Island.

Yesterday Chancellor George Osborne delivered the key points of his Budget speech - including scrapping a planned fuel duty rise and a cut of one penny in beer duty.

Eddie Teare says both of these will be welcomed by the public but will reduce government’s income by £900,000 over the next year.

Mr Teare says he also welcomes the renewed focus on economic growth:

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