“These numbers confirm that the government's financial difficulties are continuing to mount, with the shortfall between income and public spending reaching an unsustainable £116bn for the first two-thirds of the financial year, surpassing the £100bn milestone and providing a challenging fiscal backdrop for both the government and the opposition ahead of a general election.
“While the Prime Minister and the Chancellor continue to search for cost savings to free up capacity for further pre-election tax cuts, the opposition will be concerned about the fiscal legacy it would inherit if it were to take power.
“The deteriorating state of the UK's public services is a big concern for all politicians given that it implies a need for substantial tax rises after the general election, irrespective of who wins.”
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