Pantheon Macroeconomics - April's public finances show that borrowing still is falling more slowly than the Chancellor had envisaged. This casts further doubt over whether he will be able to keep his pledge to run a budget surplus before the end of this parliament in 2020.

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25 May. The Chancellor is Still Headed for a Mid-Parliament Fiscal Crunch

By Samuel Tombs

April's public finances show that borrowing still is falling more slowly than the Chancellor had envisaged. This casts further doubt over whether he will be able to keep his pledge to run a budget surplus before the end of this parliament in 2020.

Posted: 25th May 2016 in 'UK Documents'

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