Odds lengthen on Osborne's UK debt reduction gamble

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LONDON (Reuters) - In George Osborne's office, a framed cartoon shows Britain's finance minister being crushed by an elephant labeled debt. The irony may be choking for Osborne: his bet on Britain growing out of its debt addiction is in doubt and the $2.5 trillion economy is bracing for the what Prime Minister David Cameron has warned could be the break up of the euro zone. On inheriting Britain's biggest peacetime deficit, Osborne gambled he could charm bond investors by slashing spending, but that growth rates of between 2.0 and 3. ...




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