LONDON (Reuters) – Britain’s government might borrow more instead of less this fiscal year as well as its multi-year austerity program may cause 1.2 million public sector job cuts, a leading plan institute mentioned about Wednesday. The predictions, that the Institute for Fiscal Studies mentioned supported the case for the Bank of England to do more to enhance the economy, are more pessimistic than those employed by Chancellor George Osborne to set plan, with all the IFS pencilling inside an additional 270,000 job losses by 2018. …
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