UK’s deficit ‘could be bigger than Greece’s’
Posted by seumasach on September 23, 2012
Britain could be heading for a bigger budget deficit next year than crisis-hit Greece and Spain, according to research by Morgan Stanley.
23rd September, 2012
Economists at the investment bank calculated that Britain’s budget deficit could total £126bn, or 7.8pc, of gross domestic product in 2013-14.