Bloomberg
The U.K. Deficit That Risks Cutting the Pound’s Rally Short
(Bloomberg) — A hole in Britain’s finances is starting to worry economists and stoke concerns about the pound. This time, the vast budget deficit created by the pandemic is not the issue.The focus is gradually shifting to the current-account shortfall, the difference between money coming into the U.K. and money going out. The gap is forecast to reach its widest since World War II this year as Britain grapples with…
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