Pain, Nigel; Weale, Dr Martin; Young, Dr Garry - National Institute of Economic and Social Research - 1997
Britain's public sector deficit in the 1990s has been much too large to allow the public sector to maintain its balance sheet position. In order to do this the current account deficit has to be reduced from its 1995/6 figure of 3_ per cent of GDP to close to zero. Government plans show this...