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Sunday, September 23, 2012

U.K. deficit hits August record.

 So much for austerity - the U.K.'s budget deficit increased to £14.41B in August from £14.37B in the same month last year. The latest figure is the highest for August since records began in 1993, and was caused by a 2.1% fall in corporation tax receipts and a 4.9% increase in benefit payments.

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