Angus Deaton wins Nobel prize in economics

Scottish economist is best known for his work on health, wellbeing, and economic development

A British-born Princeton professor, Angus Deaton, has won the Nobel prize in economics for his work charting global developments in health, wellbeing and inequality.

The Nobel Committee said the economist's work had a major influence, particularly in public policy where it has helped governments determine how different social groups react to specific tax changes.

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