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UK budget surplus goal no longer credible: lawmakers

Firstpost Tuesday, 12 February 2019 ()
LONDON (Reuters) - British finance minister Philip Hammond's plan to turn the country's budget deficit into a surplus in the mid-2020s is no longer credible after he relaxed his grip on public spending last year, British lawmakers said on Tuesday. Parliament's Treasury Committee said Hammond's long-term fiscal goal of getting the public finances into the black had ceased to be meaningful. "It should be replaced before the next budget with something that accurately reflects government policy and priorities, which clearly do not include running a budget surplus," the committee said ahead of Hammond's half-yearly budget update on March 13
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News video: Spain may have 3rd election after budget rejected

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MADRID — Spain Prime Minister Pedro Sanchez might have to call for a third general election in less than four years after his budget was rejected by right-wing parties, reports The New York Times. Pedro Sanchez came to power in mid-2018 after ousting then prime minister Mariano Rajoy with the...

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