Britain records bigger-than-expected budget deficit in October
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LONDON, (Reuters) - Britain recorded a much larger budget deficit than expected in October, according to the first borrowing figures since finance minister Philip Hammond promised an end to austerity was within sight. The deficit in October rose to 8.820 billion pounds from 7.235 billion pounds a year earlier, the Office for National Statistics (ONS) said, marking the biggest October shortfall for three years.A Reuters poll of economists had pointed to a reading of 6.15 billion pounds.While..