Deficit at Lowest Level in 15 Years

The Treasury will have something to celebrate over Christmas with the news that UK’s budget deficit has narrowed to its smallest since 2002-3. The latest figures show public sector net borrowing of a mere £7.2 billion in November – the lowest for a November since 2004. Excluding net investment, the UK has actually run a surplus of £13 billion over the last 12 months. Osborne’s target of 2015 is long gone but better late than never…


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Quote of the Day

Peter Mandelson tells Emma Barnett…

“I think that Jeremy Corbyn himself should search his conscience and ask himself whether he’s the best person to lead the Labour Party into the general election with the best chance of success for the party.”

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