Chancellor George Osborne
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George Osborne rules out early tax cuts

Chancellor George Osborne has said taxes will only be cut when the government can afford to do so, in a speech to the Conservative conference.

Mr Osborne has found £805m to freeze council tax in England in 2012-13 - saving people £72 a year.

But he stressed that money is still tight and there will be no deviation from his deficit reduction plan.

Nick Robinson reports.

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