Friday, August 21, 2020

UK PUBLIC DEBT HITS £2TN

UK government debt has hit the £2 trillion mark for the first time - that's over $2.6 trillion.

It comes as borrowing soars to deal with the impacts of coronavirus lockdown.

However, the cost of borrowing for the UK on international markets is currently low.

Nonetheless, David Buik from Acquis Exchange says it's an eye-watering sum.

IN: "Two trillion...
OUT: ...pounds."
DUR: 25 seconds