borrowing

Borrowing binge hits £300m: Budget deficit at record levels

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Britain’s coronavirus borrowing binge hits £300m: Budget deficit at record levels as cost of pandemic mounts By James Salmon for the Daily Mail Published: 21:51 BST, 14 May 2020 | Updated: 21:51 BST, 14 May 2020 The spiralling cost of subsidising the wages of millions of workers could push Britain’s budget deficit well above £300billion, … Read more

Government borrowing is set to soar to nearly £300BILLION this year, OBR warns

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Government borrowing is set to soar to nearly £300billion this year with the debt mountain growing bigger than the whole economy, new estimates found today. The OBR’s latest ‘scenario’ for the crisis sticks to dire suggestions that the economy will shrink 35 per cent in this quarter – more than predicted by the Bank of England. … Read more