COVID-19: Virus fight forces government borrowing to £303bn - highest level 'since records began'

UK sees budget deficit rise to highest rate since 1946

Britain has seen its budget deficit rise during the coronavirus pandemic to its highest level since the year after the end of World War II

UK sees budget deficit rise to highest rate since 1946

LONDON (AP) — Britain has seen its budget deficit rise during the coronavirus pandemic to its highest level since the year after the end of World War II. The Office for National Statistics said Friday public sector net borrowing reached 303.1 billion pounds ($420 billion) in the financial year to end-March. This was equivalent to 14.5% of the country’s annual gross domestic product, the highest level since 1946, when the deficit hit 15.2% of GDP…

UK sees budget deficit rise to highest rate since 1946

LONDON (AP) — Britain has seen its budget deficit rise during the coronavirus pandemic to its highest level since the year after the end of World War II. The Office for National Statistics said Friday public sector net borrowing reached 303.1 billion pounds ($420 billion) in the financial year to end-March. This was equivalent to 14.5% of the country’s annual gross domestic product, the highest level since 1946, when the deficit hit 15.2% of GDP…

UK sees budget deficit rise to highest rate since 1946

Britain has seen its budget deficit rise during the coronavirus pandemic to its highest level since the year after the end of World War II, official figures showed Friday.The Office for National Statistics said public sector net borrowing — the official gauge of the difference between the government's spending and taxes — reached 303.1 billion pounds ($420 billion) in the financial year to end-March. This was equivalent to 14.5% of the country’s…

UK sees budget deficit rise to highest rate since 1946

Britain has seen its budget deficit rise during the coronavirus pandemic to its highest level since the year after the end of World War II, official figures showed Friday.The Office for National Statistics said public sector net borrowing — the official gauge of the difference between the government's spending and taxes — reached 303.1 billion pounds ($420 billion) in the financial year to end-March. This was equivalent to 14.5% of the country’s…

UK sees budget deficit rise to highest rate since 1946

Britain has seen its budget deficit rise during the coronavirus pandemic to its highest level since the year after the end of World War II, official figures showed Friday.The Office for National Statistics said public sector net borrowing — the official gauge of the difference between the government's spending and taxes — reached 303.1 billion pounds ($420 billion) in the financial year to end-March. This was equivalent to 14.5% of the country’s…