Latest video updates regarding Coronavirus. Watch this “Coronavirus crisis: govt borrowing hits record level – BBC News” video below:
Government borrowing has surged to its highest level on record, underlining the scale of the economic damage caused by the coronavirus pandemic.
The deficit, the difference between government spending and tax receipts, soared to more than £62 billion in April, due to the level of financial support provided by the Treasury, to help businesses and employees through the crisis.
The hole in…..(read more)