Coronavirus spending to triple UK budget deficit to over 175 billion pounds - think tank
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LONDON (Reuters) - Britain's efforts to keep its economy afloat through the coronavirus crisis are likely to cause its budget deficit to more than triple to over 175 billion pounds over the coming year, a think tank said on Thursday.Last week British finance minister Rishi Sunak took the historic step of announcing that the government would pay 80% of the wages of workers whose jobs are hit by the crisis if their employees put them on leave rather than sack them.He is due to set out help for the..