UK NEWSPAPER LEAKS BUDGET: Borrowing To Soar, Growth Forecast Slashed

Earlier today the Evening Standard leaked details of the UK Budget (Watch live coverage here). Now, Joe Murphy, the editor of the Evening Standard has apologized for the leak.

This cover of London's Evening Standard newspaper just hit the internet. And it appears to have a lot of budget details that are supposed to be unveiled soon.

It says that borrowing is going to "soar". Growth forecast is slashed. A beer tax will be eliminated.

Other points that we can make out in the blurriness:

• A planned gas tax will be scrapped.
• A triple dip is expected to be avoided.
• Borrowing will be 61.5 billion pound higher than planned over 3 years.
• Government will cut bureaucratic spending to facilitate more capital spending.