Government Borrowing Smashes All Forecasts

The newly-released April borrowing figures from the ONS show Government borrowing rose by £62.1 billion – double the £30.7 billion economists had predicted for the month and now means the government has already borrowed what it expected to borrow for the year. The highest monthly figure ever recorded…

A fall in consumer spending meant a plummet in VAT receipts, comparable to the amount seen before the Government implemented the 20% rate

The massive spike in borrowing takes UK debt to £1.88 trillion – 97.7% of GDP. The highest since the 1950s…

mdi-tag-outline Data Guido Economy ONS
mdi-timer May 22 2020 @ 08:47 mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-printer
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