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Britain to raise taxes in wake of EU divorce, says Osborne

George Osborne's future as finance minister has come under question after he was on the losing side in the referendum Photograph: (Getty)

Reuters United Kingdom Jun 28, 2016, 08.13 AM (IST)
Chancellor George Osborne said on Tuesday that Britain would have to raise taxes and cut spending to deal with the economic challenge 
posed after Britons voted to leave the European Union (EU).

"We are absolutely going to have to provide fiscal security to people, we are going to have to show the country and the world that the government can live within its means," he told BBC radio.

Asked if that meant tax rises and spending cuts, he said: "Yes, absolutely."

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