Pm's Lost It Over Deficit

The HeraldNovember 23, 2009

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Summary


THE horrific state of Britain's public finances is revealed in the new report from the Organisation for economic Cooperation and Development ("OECD forecast predicts slow expansion for UK economy", the herald, November 20).

We have the rich world's biggest annual deficit from now (this year projected at GBP220 billions and 14-per cent of GDP) until 2017.

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Extract


Pm's Lost It Over Deficit

This is worse than the two other basket cases, Ireland and Iceland.

Public borrowing in October (in normal times a surp...

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