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PSBR SUMMER FORECAST LOOKING 'OVERLY OPTIMISTIC'

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The Financial Times comments (p24) that disappointing tax receipts and a growing likelihood that spending will over...
The Financial Times comments (p24) that disappointing tax receipts and a growing likelihood that spending will overshoot government projections mean that the £23.6bn forecast in the summer for the public sector borrowing requirement is already looking 'overly optimistic'.

Some city houses are now predicting a PSBR closer to £30bn.
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