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 Telegraph.co.uk |
Surprise deficit raises risk of more UK austerity
Reuters For the year to date, public sector net borrowing – excluding financial sector interventions, the Royal Mail boost and other one-offs – totaled 47.2 billion pounds, up 11.6 billion from 2011. Including the Royal Mail transfer, borrowing for the fiscal … UK Unexpectedly Posts Deficit as Tax Receipts Plunge: Economy Chancellor's cuts and tax rises aimed at slashing debt 'fail' as public … Data undermine UK debt reduction plan |
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