LONDON: British Treasury chief Alistair Darling is likely to present a bleak annual budget this week with little good news for the average Briton as the economy wallows in recession.
Along with a hefty downgrade to the country's growth forecasts, Darling is expected to unveil deferred tax increases and lower spending to deal with a blowout in public finances caused by the government's recent attempts to stimulate the struggling economy.
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