Why £ 300bn of public borrowing in the pandemic was well spent Business News


The headlines – unsurprisingly – refer to record borrowing.

The Office for National Statistics reported on Friday that the government’s deficit in fiscal year 2020-2021 was around £ 303 billion.

This is an increase from just £ 57bn in 2019-2020 and easily the largest amount borrowed in cash by a UK government in a single year.

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This notice was published: 2021-04-23 20:30:59