UK: Conservatives aiming to end budget deficit by mid-2020s

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British Prime Minister Theresa May will aim to balance the country’s budget deficit by the middle of the next decade, according to a manifesto document listing her Conservative Party’s policy proposals ahead of a June 8 national election.

The document said the Conservatives would stick with the existing fiscal plans of Chancellor Philip Hammond who has said he will aim to bring down the deficit to 0.7 percent of gross domestic product by 2021/22 before wiping it out as quickly as possible after that.

Image result for British Prime Minister Theresa May in parliament
Britain’s prime minister Theresa May addressing the House of Commons

 

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Onome Amuge is a Nigerian journalist and content writer known for his analytical and engaging reporting on business, finance, agriculture, commodities, and technology. He is currently a journalist at Business a.m., a Nigerian business-focused newspaper, where he has authored over 360 articles covering a wide range of topics including economic trends, market analysis, and policy developments.
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