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ECONOMIST VIEWS: HOW BAD IS THE PUBLIC SECTOR DEBT?
ALAN CLARKE | BNP PARIBAS
Borrowing is still on track to undershoot the latest emergency budget target. Nonetheless, the deterioration in recent months is a disappointment and may reflect slower growth.
GEORGE BUCKLEY | DEUTSCHE BANK
Deficit levels are still high but should come down next year as fiscal tightening steps up a gear. But only if forecasts of strong growth and employment do not prove overly optimistic.
MICHAEL SAUNDERS | CITIGROUP
The figures were encouraging, as they were in previous months. And those months’ debt levels have since been revised down. The UK?remains well on course to meet its target.