Is the deficit coming under control?

Are we finally fixing the roof while the sun shines? Is the deficit coming under control? Philip Aldrick, The Times Economics Editor, thinks things are looking rosy for the UK's public finances. There also some good news for the Eurozone, where consumer confidence is picking up. But is the recovery just being fueled by the central bank? And what next for Japan? Shinzo Abe, the prime minister, claims to be half way through his turnaround programme,, known as 'Abenomics', but is it actually working? The doubters are increasingly made their voices heard. On the corporate front, there is no end to the M&A activity. Next week we'll find out if Zurich is snapping up RSA and all the cards will be on the table for Betfair and Paddy Power. But are M&S deals destructive? Are there just a way for the City to earn their fees? Deirdre Hipwell, The Times M&A Correspondent, remembers the AOL/Time Warner merger which is now regarded as the worst deal in history. And there is even an apology from Richard Fletcher...

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