George Osborne Holds Summit In Hope Of Avoiding 'Omnishambles' Budget

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Chancellor George Osborne is today holding a Treasury summit at his official country retreat in an attempt to prevent a repeat of last year's Budget "omnishambles".

Treasury ministers and officials have gathered together with Conservative Party HQ staff for an all-day meeting to go through the options for next month's financial statement.

The meeting, at Osborne's Dorneywood residence in Buckinghamshire, comes after the Chancellor was forced into a series of embarrassing climbdowns and reversals in the wake of last year's Budget.

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Plans for taxing caravan owners, hot food and removing some tax reliefs for charitable donations all had to be revised in the face of heavy criticism.

A Treasury source told The Independent: "This is going to be a very political Budget. George would be the first to admit he took his eye off the ball last year. He knows he can't let that happen again."

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