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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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Treasury Minister rejects Labour's public sector borrowing claims

Treasury Minister Chloe Smith has rejected Labour's call for the Government to re-think its strategy over public sector net borrowing.

The Conservative MP told the BBC that "there is no opportunity" to sustain the current level of borrowing.

Their strategy would be to borrow more and to spend more and we cannot take that kind of decision in these circumstances.There is no opportunity here to set out to deliberately borrow more. What these figures really show is the importance of sticking to the plan that has won Britain international credibility.

– Treasury Minister Chloe Smith

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