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Uk 'broke Budget Deficit Rules'

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UK 'broke budget deficit rules'

The report now goes to the council of finance ministers, but the Treasury brushed aside yesterday's developments, insisting that the deficit was "extremely small". A spokesman pointed out that debt levels, at 40 per cent of GDP, were well inside the maximum 60 per cent permitted under EU rules. "We believe that the British economy is in an excellent state and we believe in a prudent and flexible interpretation of the pact," he said .


Brown's tax and spend plans face twin assault

The IMF slashed growth forecasts and warned of the need for tax increases or spending cuts of £10bn a year - equivalent to 3p on the basic rate of income tax.It said he would break the golden rule - to borrow only to invest over the economic cycle - unless he took action to boost the Treasury's coffers.


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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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