By 2015-16 coalition will have imposed tax rises worth £64.3 billion . At the same time tax cuts will have saved the country only £48billion . The government has also been forced to borrow more than it planned, which means that we are now paying interest on our debt at a higher rate than ever before in British history. George Osborne expected to announce more tax cuts in Budget next week .
By 2015-16 coalition will have imposed tax rises worth £64.3 billion . At the same time tax cuts will have saved the country only £48billion . Institute for Fiscal Studies slams 'missed opportunity ' to improve system . George Osborne expected to announce more tax cuts in Budget next week .