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    UK Budget to hit government income

    Treasury Minister Eddie Teare

    The Treasury Minister has responded to the UK Budget saying it will have a number of implications for the Island.

    Yesterday Chancellor George Osborne delivered the key points of his Budget speech - including scrapping a planned fuel duty rise and a cut of one penny in beer duty.

    Eddie Teare says both of these will be welcomed by the public but will reduce government’s income by £900,000 over the next year.

    Mr Teare says he also welcomes the renewed focus on economic growth:

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