UK must cut borrowing to avoid risks from new shock, higher rates-Sunak

No results matched your search Economy3 hours ago (Dec 17, 2020 03:25AM ET) © Reuters. FILE PHOTO: Britain’s Chancellor of the Exchequer Sunak outside Downing Street, in London LONDON (Reuters) – British finance minister Rishi Sunak said he would tackle the country’s coronavirus-inflated budget deficit because of the risks of a future shock to the…Continue Reading

UK borrowing hits highest October level on record

Publishedduration1 hour agoGovernment borrowing soared in October as the UK continued to support the economy during the pandemic.The Office for National Statistics (ONS) said borrowing hit £22.3bn last month, the highest October figure since monthly records began in 1993.It underlines that the pandemic is having a “substantial effect” on the public finances, the ONS said.But…Continue Reading

UK quarterly borrowing hits record high

Image copyright Getty Images The UK government borrowed a record £127.9bn between April and June as tackling the coronavirus pandemic took its toll on the public finances.The figure – the difference between spending and tax income – was more than double the £55.4bn borrowed in the whole of the previous tax year. However, borrowing in…Continue Reading