UK budget watchdog raises 2020/21 deficit estimate to 298 billion pounds
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LONDON (Reuters) - Britain's government is on track to borrow 298.4 billion pounds during the current financial year due to the coronavirus, even before the full cost of an extension of its huge job support scheme is calculated, forecasters said.The Office for Budget Responsibility raised its estimate for public sector net borrowing in 2020/21 by 25 billion pounds from its previous calculation of 273 billion pounds a month ago.In March, before the government announced a lockdown for the economy,..