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https://youtube.com/watch?v=YWp6ITcYU2QGovernment borrowing hit a record £55bn in May. The cost of supporting jobs and businesses, and the plunge in tax receipts means government debt now exceeds the annual output of the economy for the first…
https://youtube.com/watch?v=5rdD048e-j0Government borrowing has surged to its highest level on record, underlining the scale of the economic damage caused by the coronavirus pandemic. The deficit, the difference between government spending and tax receipts, soared to more…
https://youtube.com/watch?v=AcXAKYi7FikThe government borrowed a record £62bn last month to pay for the ballooning costs of the COVID-19 pandemic - especially the job retention scheme. This is almost three times higher than the amount borrowed in…