World Economy

UK Misses Deficit Target

UK Misses Deficit TargetUK Misses Deficit Target

Britain expects to miss its deficit target in the current financial year, finance minister George Osborne said Wednesday in a key budget update. AFP said. Net borrowing was set to hit £91.3b ($143b) in the year to the end of March 2015, which was higher than the previous government forecast of £86.4b given in March, Osborne told the parliament.