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  • UK budget surplus goal no longer credible - lawmakers

    From uk.reuters.com

    Britains Chancellor of the Exchequer Philip Hammonds plan to turn the countrys 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. Parliaments Treasury Committee said Hammonds 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 Hammonds half-yearly budget update on March 13. ... (full story)