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UK Facing $18.8 Billion Public Finances Black Hole

September 19, 2011

Ministers are set to be told this autumn that a £12 billion ($18.8 billion) black hole has opened in the public finances, in a forecast that threatens to derail the coalition’s deficit reduction strategy and prolong austerity well into the next parliament, reported the FT.

Source: http://www.cnbc.com/id/44574473?__source=RSS*tag*&par=RSS
 
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