Britain's budget deficit swelled in the first three months of the tax year ...
LONDON, - Britain’s budget deficit swelled in the first three months of the tax year due to higher debt interest payments and rising spending on services, placing
Looking at the three months to June, borrowing was 33% higher than the same period in 2018 at 17.9 billion pounds. In March Britain’s Office for Budget Responsibility forecast public borrowing would rise from a 16-year low of 1.1% of economic output in 2018/19 to 1.3% of GDP or 29.3 billion pounds in 2019/20.
Both candidates to succeed Theresa May as prime minister in an ongoing Conservative Party leadership contest have said they will keep the option of a no-deal Brexit on the table.
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