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Britain's day-to-day spending on public services is set to fall over the next five years to its lowest in relative terms since the end of World War Two, the government's fiscal watchdog forecast on Thursday. The Office for Budget Responsibility's prediction in its December economic outlook is further evidence finance minister George Osborne does not intend to relax spending cuts if his Conservative Party returns to power after the 2015 election. Osborne cited the OBR figures as showing Britain's public-sector net borrowing was falling and that the budget deficit would be wiped out by the 2018/19 fiscal year. According to the OBR, 80 percent of that deficit reduction would come from cuts to public expenditure.