10 Tuesday AM Reads

My Two-for-Tuesday morning train reads: • How Windmills as Wide as Jumbo Jets Are Making Clean Energy Mainstream (New York Times) see also How to Buy a Wind Farm (Bloomberg) • Yes. It’s a Bubble. So What? (Research Affiliates) • Reed Hastings, the Netflix chief with a global vision (Financial Times) • Exoplanets May Help Us Understand How Venus Turned Into…

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Boost for Hammond as budget deficit hits lowest level since 2007

Chancellor may ease austerity as public sector net borrowing falls to £42.6bn for the last financial year

Britain’s budget deficit has dropped to the lowest level since before the financial crisis, laying the ground for Philip Hammond to raise government spending on public services later this year.

The Office for National Statistics said public sector net borrowing, excluding the state-owned banks, dropped by £3.5bn to £42.6bn in the last financial year, cutting the budget deficit to the lowest level since the year ending March 2007.

Related: UK economy grew slower in first quarter of 2018 than last quarter of 2017

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