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The company had £68 million ($98 million) of cash as of Sept. 30, in contrast to a shortfall of £194 million a year earlier.
That amounts to a shortfall that will rival the deficits of a decade ago, when the economy was struggling to recover from the financial crisis and ensuing recession.
That adds up to a shortfall of $1 trillion.
Wage moderation has therefore not led to a shortfall in demand, as originally feared by some.
That is equivalent to a shortfall of 669,000 full-time employees.
That amounts to a shortfall of $60 billion to $70 billion, the report said.
Due to a shortfall in government funding, they have no other way of paying their staff.
An earlier version referred to a shortfall of $3.4tn rather than $3.1tn.
That would amount to a shortfall of about 7% in real terms.
The sluggish economy is leading to a shortfall in sales tax revenue.
It said technical and commercial constraints "equates to a shortfall of 2-3 barrels" barrels of proven reserves.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com