UK Treasury chief likely to go for growth

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Britain's Treasury chief, George Osborne, is expected to unveil plans to kick-start the U.K.'s moribund economy when he presents updated budget policies to lawmakers today.

As well as outlining the state of the coalition government's finances, Osborne is expected to announce an expansion of gas-fired power plants and a revised program to encourage private investment in public projects, according to news reports based on government briefings.

The so-called Autumn Statement is one of two big policy announcements Osborne makes during the year - the other being the annual budget in the spring, which tends to focus on taxation.

Analysts on Wednesday will be paying particular attention to what Osborne has to say about his target to have public sector debt as a percentage of the U.K. economy start dropping by 2015-2016.

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