UK Deficit  Likely to Fall
World Economy

UK Deficit Likely to Fall

British Finance Minister Philip Hammond appears to be on track to meet his target of improving the country’s weak public finances this year, potentially giving him a bit of room to ease the squeeze on spending in a budget plan next month, Reuters reported. Tax revenues flowed strongly into the government’s coffers, data for January showed, prompting Britain’s official budget forecasters to say the deficit was likely to come in well below the level they had previously predicted. The data will be a relief for Hammond, who faces the task of bringing down one of the biggest budget deficits among the world’s advanced economies.

Short URL : https://goo.gl/h8UZPN
  1. https://goo.gl/Fxe8F3
  • https://goo.gl/Gbo3F6
  • https://goo.gl/DsDmoJ
  • https://goo.gl/TN51vL
  • https://goo.gl/F3ZdVk

You can also read ...

Malaysia Economy Set to Grow
Malaysia’s economy is set to grow this year with gross...
The high resolution MRI, CT, and sonogram images underpin advances in medical diagnosis.
The growth in labor productivity – real output per hour worked...
EU heavyweights France, Germany and Italy argue that there is growing evidence of discrimination, especially by state owned companies and a determined Chinese strategy to secure the most modern European technologies in key industrial sectors.
Both Brussels and Washington are taking steps to force China...
Based on the index  gas, fuels, water and housing, especially  sub-indexes, declined by 2.4% year on year in July.
Subdued demand due to cash shortages in Zimbabwe has resulted...
Growth is forecast at 2.2% in 2017, down from  a previous projection of 2.8%.
UAE’s real GDP growth will slow in 2017, owing to oil...
German Investor Morale Slumps
German investor confidence fell sharply in August, amid...
Pak Current A/C Deficit Widens
Pakistan posted a glaringly high current account deficit of $2...
The surge in European stocks pushed up the MSCI world equity index.
European stocks broke a three-day losing streak on Tuesday,...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.