The U.K. budget deficit drops its lowest level in February in five years, falling to £2.76B last...

|By:, SA News Editor

The U.K. budget deficit drops its lowest level in February in five years, falling to £2.76B last month from £11.8B a year earlier and vs consensus of £8B. Britain's finances were boosted by proceeds from the Bank of England from its bond-buying scheme and the sale of mobile-phone spectrum. (PR)