P207 CEEFAX   207 Mon 18 Nov 21:10/21
    
    
  
 SLASHED PUBLIC DEBT FUELS TAX CUT HOPES
 The Govjrnmjnt says it is on course to 
 meet its borrowing target after October
 figures revealed a surprisingly large  
 chunk of public debt had been repaid.  
                                        
 The £4.39bn repayment, nearly twice    
 most City estimates, was due largely to
 bumpjt receipts of company taxation.   
                                        
 Chancellor Kenneth Clarke said he was  
 on course to hit his summit forecast of
 total borrowing for the year of £26.9bn
                                        
 City analysts say the news should      
 increase his scope for Budget tax cuts.
                                        
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