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Europe Daily Bulletin No. 9696

4 July 2008
GENERAL NEWS / (eu) eu/emu
Commission recommends that the United Kingdom fix its excess budget deficit by April 2010

Brussels, 03/07/2008 (Agence Europe) - On Wednesday 2 July 2008, the European Commission suggested to the Council of the EU that a recommendation be sent to the United Kingdom asking it to correct its excess budget deficit by the end of the 2009-2010 tax year (April 2010). In June 2008, the Commission adopted a report noting that the UK's budget deficit would rise above 3% in the current tax year (see EUROPE 9680). In the Commission's spring economic forecasts, it expected the UK's deficit...

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