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Chancellor losing room for manoeuvre with his borrowing

Chancellor of the Exchequer Alistair Darling met his Budget borrowing forecasts yesterday, according to official data, but City analysts warned of tougher times ahead for the public finances as the economy slides into a downturn and perhaps even a recession.

Chancellor of the Exchequer Alistair Darling met his Budget borrowing forecasts yesterday, according to official data, but City analysts warned of tougher times ahead for the public finances as the economy slides into a downturn and perhaps even a recession.