Responding to reports of falling deficit, Jonathan Isaby, Chief Executive of the TaxPayers' Alliance, said:
"A falling deficit is welcome news, but progress continues to be painfully slow. What’s particularly concerning is that the government had to borrow considerably more than the market was expecting at a time when demand for UK government debt at auction is at its lowest level since the crisis. This means more debt, and more debt interest to pay off for future taxpayers and underlines the need for the government to announce substantial savings at the spending review in November."
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