Wednesday, 21 July 2010

UK deficit fears reappear as debts hits £927bn

Telegraph
"Plans to cut Britain's mountainous national debt have been given fresh urgency by new figures showing that the state of the public finances is even worse than feared. .....George Osborne, who announced £113bn of spending cuts and tax rises in the Budget to shake off market concerns and preserve the UK's AAA credit rating, said: "The public finance numbers today remind us why we need to get on top of the budget deficit."

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