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 ...

Cyber threats are ever-evolving.
The White House released a report that found that the economic...
Global Investors Target Zimbabwe Energy Sector
Zimbabwe has become a magnet for billionaire global firms such...
FAO regional representative Julio Berdegue (R), and the deputy regional representative Eve Crowley.
Identifying territories where rural poverty is most entrenched...
Lagarde Backs Creation of European Monetary Fund
International Monetary Fund chief Christine Lagarde has no...
Asean Labor Flows Hit a Wall
Tighter restrictions on foreign labor in Malaysia and Thailand...
The country’s GDP grew by 3.2% in 2017 but will  edge down in the coming years.
A report by the International Monetary Fund showed Sunday that...
BSP said the planned RRR cuts are part of the bank’s financial market reforms.
The Bangko Sentral ng Pilipinas said it was reducing banks’...
Baby-boomers will start turning 75 or older in 2022, which is expected to trigger a surge in health care and nursing care costs.
Amid stalling inflation and ballooning government spending,...

Add new comment

Read our comment policy before posting your viewpoints