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UK government borrowing surges again as Covid cases soar
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The UK government borrowed £17.4bn in November, outstripping economists’ predictions and suggesting debt could far overshoot officials’ forecasts if the Omicron coronavirus variant slows the economy as expected.
It was the highest November borrowing since comparable records began 30 years ago, barring last year. Last year during the furlough scheme the Treasury under Rishi Sunak set successive peacetime records for monthly borrowing as it covered the costs of 80% of salaries for millions of
Read more on theguardian.comAbout this in other media
Demand for COVID-19 self-test kits skyrocket in Europe amid Omicron surge euronews.com /2 years ago
Brexit: ‘the biggest disaster any government has ever negotiated’ theguardian.com /2 years ago
Government plans UK-wide Covid booster alert to mobile phones theguardian.com /2 years ago
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