Ron Burgundy Posted June 21, 2013 Share Posted June 21, 2013 By David Milliken and William Schomberg LONDON (Reuters) - A windfall payment of tax by Swiss banks caused Britain's public finances to post a smaller-than-expected deficit in May, and underlying figures suggested the government was on track to meet its budget target this year. Deficit reduction is the central economic policy of Britain's Conservative-led coalition, which came to power in May 2010. At that point Britain's budget deficit was more than 11 percent of annual economic output - one of the highest rates for a major economy. ... View the full article Quote Link to comment Share on other sites More sharing options...
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