Cambridge records Â£10.5m deficit
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Cambridge University has announced a Â£10.5m budget deficit for 2003-4, up Â£8.3m on the previous year.
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The proposal is expected to raise $10 billion over the next five years in an effort to eliminate the deficit by 2012.
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Britain's public finances chalked up a deficit of 17 billion pounds (22.8 billion euros, 33.1 billion dollars) in December, the highest ever level for the month, official data showed Monday.
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Description: The federal budget deficit will hit a record $422 billion this year, according to new projections from the Congressional Budget Office.
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The NHS balanced its books last year, running a surplus of more than Â£500m, but many parts were still in debt.
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London's FTSE 100 index breaks through the 5,000-points barrier for the first time in more than two-and-a-half years.
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The insurance industry says claims relating to the floods which hit parts of the UK in June will total Â£1.5bn.
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Business & money: Â· Buyout firms blamed for collapse of schemesÂ· Labour donor linked to Â£81m of deficits
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Kingston upon Hull receives quarter share of Â£8m in recovery grants but Leeds is handed Â£100,000.
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WASHINGTON - The Congressional Budget Office projected Tuesday that this election-year's federal deficit will hit a record $422 billion, a shortfall that would be smaller than analysts predicted earlier this year.    The estimate by Congress' nonpartisan budget experts immediately provided political fodder for both parties in the final two-month stretch of the presidential and congressional campaigns...
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HSBC Holdings said its charge for bad debts would be more than $10.5 billion for 2006 because of problems in its mortgage portfolio.
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WASHINGTON -- The deficit for the first five months of the budget year is down sharply from a year ago as the growth in government tax collections continues to outpace growth in spending.
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The UK trade deficit widened to Â£5.3bn in October after imports hit their highest level since records began, official data showed today.
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OPPOSITION Leader Mark Latham said today Labor would aim to keep the Budget surplus at its current level of about $2.5 billion. But Mr Latham said the situation would not be clear until the release of figures by the Government on Friday.
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Details of MPs travel expenses are published following a two-year battle with Commons authorities.
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The NHS is facing Â£4.5bn in compensation claims over alleged errors by midwives and doctors.
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The Bank of England held a key interest rate steady at 5.25 percent on Thursday.