UK's budget deficit widens

Note: This section contains information in English only.
Source: Bloomberg
UK fiscal goals for the year, set by George Osborne, Chancellor of the Exchequer, might not be met in 2012. Office for National Statistics presented readings on British budget deficit on Friday, July 20. Budget gap rose by GBP 0.5 billion in comparison with 2011 and now amounts to GBP 14.4 billion, whereas the forecast was by GBP 1 billion less. At the same time government revenues climbed 3.6% while spending fell 0.8%.
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Fri, 20 Jul 2012 16:40:21 GMT

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