UK deficit to heighten pressure on chancellor ahead of budget
by Richard Partington from Economics | The Guardian on (#36EHE)
Fresh analysis reveals 20bn gap between government spending and tax receipts, says Institute for Fiscal Studies
Fresh analysis that reveals a hole of almost 20bn in the public finances will heighten the pressure on the chancellor, Philip Hammond, ahead of next month's budget.
Britain is on track for the deficit - the gap between government spending and tax receipts - to reach 36bn by 2021-22, more than twice the initial official forecast of 17bn, according to the Institute for Fiscal Studies (IFS).
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