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Rising UK borrowing leaves no room for pre-election sweeteners

Britain's Chancellor George Osborne speaks on the second day of the Conservative Party Conference in Birmingham central EnglandBy David Milliken and Li-mei Hoang LONDON (Reuters) - British government borrowing rose more than 10 percent in the first half of the financial year, giving Chancellor George Osborne little scope to offer sweeteners to voters before a parliamentary election in May. Osborne said in March he would aim to reduce the budget deficit by more than 10 percent over the following 12 months, helped by Britain's fast-recovering economy. But Tuesday's official data make that target look out of reach. ...

Tue, 21 Oct 2014 07:47:52 -0400
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