Chancellor George Osborne (pictured) said the government would raise more than £23billion this year – a new record – by privatising stakes in Eurostar, Lloyds and the student loan book. He also revealed that Government departments have already been ordered to start finding extra savings ahead of the emergency budget in July, as he bids to wipe out the government deficit within just two years. The Chancellor, making his first speech since the Tories were re-elected with a majority earlier this month, said getting Britain back in the black would be a major plank of his July 8 budget. Mr Osborne will use the cash raised from the government sell offs to pay down the government's £1.5trillion debt. But he said making Britain more productive was the key for making families wealthier by driving up wages. Mr Osborne said: 'Improving the productivity of our country is the route to raising standards of living for everyone in this country.' He revealed that he would publish a 'Productivity Plan' before the budget to help 'make Britain work better', adding: 'Our future prosperity depends on it.'
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