Error found in UK public finances, official statistics body admits

Error found in UK public finances, official statistics body admits

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The UK budget deficit is £1-£1.5bn less than what had been previously reported after a statistical error, the Office for National Statistics has said (ONS).

Britain’s official statistics agency reported earlier this week a year-to-date budget deficit of £40.3bn, excluding public-sector banks.

The ONS now says there was “an error in the measurement of local…

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