India

UK budget surplus goal no longer credible: lawmakers

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

👓 View full article

0 shares	Share Tweet Save Post Send

Credit: TomoNews US - Published on February 15, 2019< > Embed

News video: Spain may have 3rd election after budget rejected

Spain may have 3rd election after budget rejected 01:26

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...

Recent related videos from verified sources

Gov. Murphy Has No Plans To Sign NJ Legislature’s Just-Passed Budget Proposal

A budget battle is raging in New Jersey; CBS2’s Andrea Grymes reports.

Credit: CBS 2 New York Duration: 02:15Published 5 days ago

Relief after proposed budget plan to increase property taxes in Nashville fails

All day his phone was lit up with phone calls. DeCosta Hastings knows his job as a councilman for District 2 entails a lot but after Tuesday night's Metro council meeting, he is fielding more calls..

Credit: NewsChannel 5 Nashville Duration: 02:44Published 1 week ago

US Budget Deficit Hits Record-Breaking $207.8 Billion

The US budget deficit ballooned to a record high in the month of May, hitting $738. 6 billion. According to Business Insider, federal spending continued to outpace income despite a solid economy. The..

Credit: Wochit News Duration: 00:43Published 2 weeks ago