Osborne Needs Bumper First Quarter to Meet Deficit Target

  • Chancellor requires 5.3 billion-pound surplus to hit goal
  • Fiscal watchdog acknowledges scale of challenge facing Osborne

U.K. Chancellor of the Exchequer George Osborne requires the best end to a fiscal year for more than a decade to meet his deficit-reduction target, despite a better-than-forecast performance for the public finances in December.

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