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UK public finances figure much worse than expected

byCustoms Today Report
21/11/2015
in Uncategorized
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LONDON: Pressure is mounting on George Osborne ahead of next week’s Autumn Statement as “terrible” public finance figures suggested the government would miss its borrowing targets this year.

Deficit reduction has slowed so rapidly in recent months that some economists expect a £10bn overshoot by the end of the financial year — sufficient to put in jeopardy the chancellor’s ambition to eliminate borrowing by 2019-20.

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