Tag Archives: 2016/17

Fall in public borrowing keeps UK on track for new 2016/17 budget goal

Britain’s budget gap narrowed last month, keeping Chancellor Philip Hammond on track to meet his new, less ambitious deficit reduction goals, but the country’s fiscal watchdog said future months would pose a tougher test. Last month Hammond formally abandoned his predecessor George Osborne’s goal to run a budget surplus by 2020, as the Office for Budget Responsibility pencilled… Read More »