Wednesday, October 21, 2020

UK BORROWING SURGES

UK government borrowing surged again in September to its third-highest monthly level since records begain.

Borrowing rose £28.4 billion ($36bn) compared with the same month last year as the government spent heavily to support the economy during the covid-19 pandemic.

Tax income for the government fell as extra money was spent on furlough and wage support.

Business journalist Declan Curry says it's having a major impact on the country's finances.

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