We have not abandoned the intention to move to a surplus

j29682896

Senior Member
chinese
Hi everyone


I saw a video showing a debate taking place in UK's parliment.

A: The new chancellor abandoned the government’s budget surplus target as Labor has long called for. Her government is already missing its target on debt, deficit, welfare cut and productivity. Six years of government austerity has failed , the long-term economic plan is clearly dead. Is there a new one?

B:...We have not abandoned the intention to move to a surplus...

I am wondering what B's expression of move to a surplus means. Can anyone help? Thank you!
 
  • Egmont

    Senior Member
    English - U.S.
    A national budget can have a deficit (the government spends more than it takes in from taxes, etc.) or a surplus (it takes in more than it spends). The UK now has a deficit. B says they still intend to have a surplus in the future.
     
    < Previous | Next >
    Top