UK austerity budget

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A hole in Number 11, Downing Street

LONDON | There was a bit of a kerfuffle in UK politics, not to mention economics, when the Financial Times‘ (FT) Monday edition announced it had reached a 25 per cent-difference conclusion on what the country’s structural deficit actually weighs. The FT researchers, the newspaper explained, had spent the British summer making swift calculations –while probably reading Aristotle and his “Metaphysics“: they followed the government’s own mathematics formula to bring…