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Courtesy Guardian...........................precise rvh ...full story in Guardian
Heat still on George Osborne despite Swiss boost easing the pressur
George Osborne's pledge to cut deficit this year set to fail, warns OBR
Government borrowing remains unchanged
Analysis: Economic recovery - a sprint that became a painful marathon
Chancellor George Osborne faced more questions over the nation's public finances today despite
a £3.2 billion Swiss tax windfall.
Under a deal struck with Swiss tax authorities, which came into force in January, the undeclared
deposits of UK residents held in Swiss banks**** became liable for taxation, heralding a big one-off****
payment. Switzerland made the first downpayment of £342 million in January with the rest of the cash,
estimated by the Office for Budget Responsibility at £3.2 billion, counted this month.
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