UK debt has reached £2,000,000,000,000 for the first time

Chancellor of the Exchequer Rishi Sunak arrives at the Foreign and Commonwealth Office (FCO) in London, ahead of a Cabinet meeting to be held at the FCO, for the first time since the lockdown. PA Photo. Picture date: Tuesday July 21, 2020. The meeting in the FCO will take place in a ventilated room in the Foreign Office large enough to allow ministers to sit at least one metre apart. See PA story HEALTH Coronavirus. Photo credit should read: Stefan Rousseau/PA Wire
(Picture: PA)

Public sector debt has breached £2 trillion for the first time, as the government throws money at the economy to help the UK through the coronavirus pandemic.

Government borrowing hit £26.7 billion in July, according to new figures released by the Office for National Statistics on Friday.

Borrowing for last month was £28.3 billion more than the same time last year, and the fourth highest since records began in 1993.

Debt hit £2.004 trillion for the first time, and is up around £227.6 billion from a year ago.

This is a breaking story – more follows.

Visit our live blog for the latest updates: Coronavirus news live

Get in touch with our news team by emailing us at webnews@metro.co.uk.

For more stories like this, check our news page.

Enregistrer un commentaire

0 Commentaires