General Article UK debt reaches record high as goverment borrowing hits £19.1bn

Topic Selected: Money Matters Book Volume: 391
This article is 4 years old. Click here to view the latest articles for this topic.

Coronavirus has caused one of the largest economic shocks this country has ever faced,’ chancellor says.

By Samuel Osborne

The UK’s debt has reached a new high as government borrowing hit £19.1bn last month as it continues to battle the coronavirus pandemic and the economic fallout of lockdown.

The Office for National Statistics (ONS) said the public sector had borrowed more last month than during any other February since records began in 1993.

The debt owed by public bodies has increased by ...

Would you like to see the rest of this article and all the other benefits that Issues Online can provide with?

Sign up now for a no obligation FREE TRIAL and view the entire collection