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Debt
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101
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MSN
Stanley Murphy-Johns
Reform UK council’s budget reveals ‘gaping’ £60 million deficit
Reform UK council’s budget reveals ‘gaping’ £60 million deficit – and it could get worse - Kent County Council (KCC), faces a projected debt increase of tens of millions of pounds, even with maximum council tax hikes
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Inside Britain's new budget with more taxes and higher spending
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France 24
2 months ago
0:14
1.7K views · 23 reactions | The UK is running a budget deficit. But what is it? Basically, it’s when the amount the country needs to spend is more than the money it brings in. To make up the difference, the Government borrows money from financial markets (e.g. pension funds and insurance companies) by selling bonds known as ‘gilts’. A budget deficit has become the norm for the UK, and recently reached a peacetime record because of the pandemic. | Barclays UK | Facebook
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3.2K views · 31 reactions | UK Finance Minister Rishi Sunak announced the country's latest economic and support measures to see Britain's economy through the COVID-19 crisis https://reut.rs/3kHWeKP | Reuters | Facebook
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