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U.K. Deficit to Exceed Greece’s Next Year, Sunday Times Says

Posted by WARREN MOSLER on September 24th, 2012

Yet no funding crisis…

U.K. Deficit to Exceed Greece’s Next Year, Sunday Times Says

Sept 23 (Bloomberg) — U.K. deficit will be £126b ($204b), or 7.8% of GDP, in 2013-14, Times says, citing Morgan Stanley analysis.

Greece’s deficit to be 6.3%, Italy’s 1.7%, Spain’s 5.8%:

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This entry was posted on Monday, September 24th, 2012 at 8:52 am and is filed under Deficit, Government Spending, UK. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “U.K. Deficit to Exceed Greece’s Next Year, Sunday Times Says”

  1. Tristan Lanfrey Says:
    September 24th, 2012 at 9:43 am

    Aposterians (my pityful attempt at a neologism for “austerian apostles”, sorry…) will say that the fact there’s no funding crisis is not due to facts on how the system works, it is thanks to Cameron and Osborne’s “hard-won credibility”!

    Reply

  2. PZ Says:
    September 24th, 2012 at 4:39 pm

    Deficit is already up 22% y-o-y, at the time they were supposed to come down.

    http://www.bbc.co.uk/news/business-19672660

    Reply

  3. Roger Says:
    September 24th, 2012 at 8:38 pm

    UK stocks a good place to park equity investments?

    Reply

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