01-07-2016 13:31 via uk.news.yahoo.com

Osborne drops 2020 budget surplus target after Brexit vote

British finance minister George Osborne said on Friday he was no longer sticking to his centrepiece policy of turning the country's budget deficit into a surplus by 2020 after voters decided to leave the European Union last week. "The government must provide fiscal credibility, so we will continue to be tough on the deficit but we must be realistic about achieving a surplus by the end of this decade," Osborne said in a speech. Osborne inherited a deficit of more than 10 percent of gross domestic
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