London Daily

London Daily News
Friday, Apr 23, 2021

UK to unveil record 400 billion-pound borrowing plan next week

UK to unveil record 400 billion-pound borrowing plan next week

With Britain in the midst of a second wave of Covid-19 cases and economic recovery on hold, Sunak has postponed longer-term plans for the public finances. Spending on the pandemic is on track to exceed 200 billion pounds ($265 billion) this year after the extension of job protection programs, and other costs are likely to spill into the 2021/22 fiscal year.
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