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Covid pushes UK government borrowing to peacetime record of £303bn
Figure at highest level since 1946 but deficit was less than forecast for 2020-21 yearCoronavirus – latest updatesSee all our coronavirus coverageThe UK government was forced to borrow a peacetime record of £303bn to combat Covid-19 in the first full financial year of the crisis but the total was lower than originally feared, official figures have shown.Despite a £28bn gap between state spending and tax receipts in March, the Office for National Statistics (ONS) said the deficit for the 2020-21 year was £24bn less than the £327bn pencilled in at the time of the budget by the Office for Budget Responsibility (OBR). Continue reading...
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Johnson should make the most of his popularity, because it won’t last | Polly Toynbee
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