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Trust in Osborne at record low

Public trust in the Chancellor is at its lowest since polling on the issue for the ITV News Index by ComRes began in October 2010. Only 16% of voters questioned had faith in him. It comes as public sector net borrowing increased by £600m in July

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'£3bn hole' could be left in Government spending plan

Government spending statistics.

July is normally a strong month for tax income for the Treasury, but total receipts fell 0.8%, driven by a drop in corporation tax, a rise in Government and benefit spending.

If this pattern continues it is thought the Chancellor could have a £35 billion hole in his plan to balance the books.

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