Britain Borrowings Highest Since World War-II In April Due To Lock Down

The United Kingdom has reported the highest rate of borrowings in April, something which Jonathan Athow, deputy national statistician at the Office of National Statistics (ONS) has said, “was pretty much unprecedented”.  Government borrowings were essential to meet furlough schemes which amounted to £14 billion in April 2020 itself.

With the government borrowing help, it would have been extremely difficult to move ahead in corona virus times, Chancellor Rishi Sunak has substantiated.

Technically, the difference between the spending and the tax income has been recorded as the highest ever in a month, than forecasted for a whole year in the government budgets; i.e. six times of a predictable figure.  Read More...
Location: Europe

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