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The Chancellor's dilemma, in figures The Chancellor's dilemma, in figures
(about 4 hours later)
Alistair Darling faces a difficult first Budget, with the UK economy facing the biggest slowdown since Labour came to power. He faces a large budget gap, falling house prices and the threat of further inflation in 2008. With the UK economy facing the biggest slowdown since Labour came to power, the chancellor has admitted the budget gap will widen - and so will taxes.