UK posts larger-than-forecast budget deficit in May

London: UK government borrowing was greater than forecast in May as capital investment and departmental spending rose strongly. The ÂŁ5.1 billion (Dh23.77 billion, $6.5 billion) shortfall was above the ÂŁ4.1 billion predicted by economists. It left the deficit in the first two months of the fiscal year at ÂŁ11.9 billion, 18 per cent higher than a […]