sábado, febrero 24, 2024

UK debt climbs in June amid coronavirus pandemic

Money Image copyright Getty Images

The UK government borrowed £35.5bn in June, about five times more than the same month last year, as coronavirus continued to weigh on public finances.

The figure took total government debt to a record £1.98trn

However, the borrowing figure was lower compared with May and was in line with expectations.

The re-opening of non-essential retailers and other businesses in June saw a drop in furlough scheme spending and a rise in tax take.