Britain's Fiscal Fizzles Out The UK government's latest financial figures reveal an unexpected deficit of £1. 8 billion in July, a stark reminder that the country's economic troubles are far from over.
As Chancellor John Healey prepares to unveil his first budget on October 28th, the public finances appear bleaker than forecast just a few months ago.
The mismatch between Treasury receipts and spending growth is striking. Despite a £1.