Ref No98376
Alt Ref No98376
Artist or CreatorDave Brown
Title or CaptionI foresee you crossing my palm with silv..
Extent1 item
Published byThe Independent
Date21 Feb 2013
Embedded text or transcriptGypsy George Fortunes Told
Person DepictedOsborne; George (1971-)
Implied textFat cats of capitalism
NotesNews: "George Osborne's billion pound drop; The Chancellor's plan to reduce the deficit relied on a hefty windfall from the sale of the 4G spectrum. But it hasn't worked out that way. So where does that leave the public finances? .... The Chancellor stunned the House of Commons - and economists - in December when he stood at the Dispatch Box and boldly claimed that the Government's fiscal deficit would fall this year. This was surprising because in every month since the beginning of the financial year in April 2012, official figures had shown public borrowing to be higher than in the corresponding month of the previous financial year, as the economy sank into a double-dip recession. Yesterday did not bring good news for Mr Osborne: the Government, it was announced, had raised only 2.3bn pounds from phone companies in the auction of 4G mobile phone licenses - casting fresh doubt on the Chancellor's claim to be cutting the fiscal deficit in 2012/13.. ..... True, no one expected the mobile phone auction to raise anywhere near the staggering 22.5bn pound from the sale of 3G licences in 2000. .... " Ben Chu, the Independent
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GB/BCA/8134Osborne; George (1971-)1971-  
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