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Deficit stops falling as spending rises faster than taxes

Deficits

Deficit stops falling as spending rises faster than taxes

The Telegraph - By Tim Wallace

Government spending rose faster than tax revenues last month, calling into question the continued progress in cutting the budget deficit. The Exchequer borrowed £5.8bn in April, down £33m or about 0.5pc compared with the same month of last year, the Office for National Statistics said. Record jobs …

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