Osborne's tax avoidance pledge

Public outrage over corporate tax avoidance must be used as a "catalyst for change" in the UK and the developing world, Chancellor George Osborne said.

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Labour: UK in G20 'relegation zone'

House of Commons library figures show the UK was in the G20 "relegation zone" in terms of economic growth since the Chancellor's autumn 2010 spending review, according to Labour.

These are embarrassing figures for George Osborne as he attends the meeting of G20 countries this weekend. "Britain has now flatlined for over two and a half years under this Conservative-led government.

In the global growth league table we're in the relegation zone with 17 out of 20 countries including America, France and Germany doing better than us.

This isn't good enough. The longer our economy stagnates the worse off people will be and the more long-term damage will be done.

We need urgent action now to kick-start our flatlining economy and help people struggling with the rising cost of living. Our jobs plan includes building thousands of affordable homes and giving tax breaks to small firms taking on extra workers.

– Shadow Chancellor Ed Balls

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