UK's Osborne drops 2020 budget surplus target after Brexit

July 1, 2016 14:04

British finance minister George Osborne has dropped his target of turning the country's budget deficit into a surplus 2020, the BBC reported on Friday.

Osborne was quoted as saying Britain needed to be "realistic about achieving a surplus by the end of the decade" as the economy was showing "clear signs" of shock after last week's decision by voters to leave the European Union.

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