by the UK Parliament shows Britain’s Prime Minister Boris Johnson
during Prime Minister’s Questions (PMQs) in the House of Commons in
London on July 15, 2020. JESSICA TAYLOR / AFP / UK
PARLIAMENT
British government debt has exceeded £2.0 trillion for
the first time following large state borrowing as the coronavirus
pandemic pushed the UK economy deep into recession, official data
showed Friday.
At the end of July, total accumulated debt hit £2.004 trillion
($2.61 trillion, 2.2 trillion euros), the Office for National
Statistics (ONS) said in a statement.
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The debt increased by £227.6 billion compared with July
2019.
“This crisis has put the public finances under significant
strain as we have seen a hit to our economy and taken action to
support millions of jobs, businesses and livelihoods,” finance
minister Rishi Sunak said in a separate statement.
“Without that support things would have been far worse.”
UK borrowing last month alone was estimated at £26.7 billion,
the ONS said.
AFP
Read more https://swordpress.com.ng/2020/08/21/uk-government-debt-surpass-2-trillion-for-first-time/