Shadow chancellor says charter is consistent with pledge to eliminate structural deficit but would not be bound by timetable
The shadow chancellor, Ed Balls, said on Monday he would support plans to tackle the deficit set out by the Tories and the Liberal Democrats, which could involve an extra £30bn of tax rises or spending cuts within three years.
The proposals, published on Monday in a new charter of budget responsibility, promise to eliminate the current structural deficit on a three-year rolling programme – so currently aimed at 2017-18.
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