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
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
LONDON (Reuters) – Britain’s government borrowing exceeded forecasts in September and over the first half of the financial year was more than six times higher than a year earlier, due to the huge cost of the coronavirus pandemic, official data showed on Wednesday.FILE PHOTO: A man walks past the shop with a sale sign in…Continue Reading
No results matched your search Economy2 hours ago (Sep 25, 2020 02:40AM ET) © Reuters. A man crosses the road in the City of London financial district amid the outbreak of the coronavirus disease (COVID-19) By David Milliken LONDON (Reuters) – British public borrowing rose to 35.920 billion pounds ($45.8 billion) in August, a record…Continue Reading
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
