UK budget shame: Britain has the third highest deficit in Europe and the Government is borrowing more than Greece.
The UK racked up a deficit of 5.7 per cent of gross domestic product last year while the national debt soared to 89.4 per cent of national income, according to Eurostat. Cyprus and Spain were the only countries in the European Union to borrow more as a proportion of national income - underlining the British government's abject failure to live within its means. Mail.
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