David Cameron, UK Prime Minister
The International Monetary Fund forecast Thursday that Britain’s public deficit would remain in the red until at least 2020, contradicting promises made by the Conservative and Labour parties ahead of the May 7 general election.
The IMF’s biannual report on state budgets, published ahead of its major spring meeting in Washington, predicted that Britain’s deficit would continue to decline, falling from 4.8 percent of GDP in 2015 to less than one percent in 2018.
But it added that British finances would remain in the red until at least 2020, although the deficit could be as low as 0.3 …Read More
Source:: PM Newspaper
