- 22 мая, 14:52
The government has borrowed more in April than expected for the whole year. It can’t be paid back via austerity
It was inevitable that borrowing would hit a peacetime record this year. In April alone, the government borrowed more in a single month than was expected for the whole year before the coronavirus pandemic struck.
According to the first official Covid-19 cost estimates, the government borrowed £62bn in April, more than at any time since comparable records began in 1993. Not even the depths of the 2008 financial crisis come close.Continue reading...