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MUGA: UK debt passes £2 trillions and rising exponentially
  • Vitaliy_KiselevVitaliy_Kiselev

    Public debt has topped £2trn for the first time on record as spending soared to prop up the economy in the face of the coronavirus pandemic.

    The figure at the end of July was £227.6bn higher than the same month last year, according to the Office for National Statistics (ONS).

    The ONS data also showed borrowing had rocketed to a record £150.5bn in the current financial year as Britain sought to dampen the impact of the coronavirus emergency - £128.4bn more than between April and July last year.

    Some £26.7bn was borrowed in July alone, the fourth highest amount of any month since records began in 1993.

    Nice, just nice.

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