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UK finance ministry sees budget deficit hitting 337 billion pounds - Telegraph

FILE PHOTO: General view of the Canary Wharf financial district in London
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LONDON (Reuters) - Britain's finance ministry fears government borrowing this year could hit a record 337 billion pounds due to the coronavirus, the Daily Telegraph newspaper reported late on Tuesday, citing an internal government document.Under a worst-case scenario, where the economy does not recover, borrowing could surge to 517 billion pounds compared with a forecast of just 55 billion pounds..
Date Published: May 12, 2020
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