| UK budget deficit at the end of June soared to 38.3% of GDP. The debt does not iclude loans to the BoE and Northern Rock. The sharp rise in debt is fueled by rising public expenses and rapidly slowing economic expansion. The government hopes to keep debt below 40% of the GDP and lowe than 43 billion pounds, which increasingly looks difficult to achieve. Aberdeen asssets under management rose nearly 5% at the end of June quarter. |
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