EU finance chiefs red flag UK deficit
European finance ministers take chancellor to task and urge him to give the public finances an injection
EU finance chiefs have warned that the UK’s public spending deficit is in
danger of breaching a key threshold.
The Brussels-based finance ministers called for Alistair Darling to
kick-start fiscal improvement in efforts to avoid the UK’s deficit rising to
more than 3% of GDP.
A significant deterioration in the UK’s budgetary position was partly to
blame, The Times reported.