26 May 2010

A Bigger Cut

On Monday the government took bold action to cut the deficit by annoucing £6.2 billion of cuts to public expenditure in this financial year. 

The previous Friday, The Office of National Statistics cut the deficit by £7.4 billion.

The Office for National Statistics (ONS) has revised down the amount borrowed by the government last year from £163.4bn to £156bn.

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