MOSCOW (Sputnik) – The United Kingdom faces severe worsening in public finances, meaning the government would be unable to implement its deficit reduction plan, British media reported, citing the Treasury's internal briefing document.
"For the year to date the deficit is £2.3bn [$2.8 billion] lower than last year; at a fall of 4.8%, well behind the 27.0% reduction forecast," The Guardian cited the document marked as "sensitive" that was previously posted on the government’s website and then removed.
The briefing document for ministers also revealed that the United Kingdom had to pay a 700-million pounds ($855 million) EU bill after the Brexit referendum, the newspaper reported, adding that UK contribution to the European Union increased by 25.9 percent in comparison with the same period last year.
UK Shadow Chancellor John McDonnell argued the document officially confirmed the Tory’s failure on the economy.
