UK Deficit ‘Could be Bigger than Greece’s’

UK Deficit ‘Could be Bigger than Greece’s’

Economists at Morgan Stanley calculate that Britain’s budget deficit could total £126bn, or 8% of GDP 2013-14.

These forecasts underline the pressure on Chancellor Osborne’s efforts to cut the deficit, as latest figures show that in the first 5 months of the financial year, the government was running 25% over their deficit target.

Yet again, a crisis in spending…..for the taxpayer.

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