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Europe Daily Bulletin No. 9032

22 September 2005
Contents Publication in full By article 13 / 32
GENERAL NEWS / (eu) eu/emu
British deficit risks going uncorrected during current tax year

Brussels, 21/09/2005 (Agence Europe) - As previously announced, the European Commission adopted a report on Wednesday on the United Kingdom budget situation following London's recent notification of a deficit of 3.2% of GDP for 2004-05 (April to March)., a level that had already been reached during the previous tax year. By including around £ 1 billion in revenue from the sale of UMTS licences, the British authorities gave notification of a public deficit of 3.1% but this practice goes...

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