UK debt exceeds £2trn for first time

British government debt has exceeded £2.0 trillion for the first time following large state borrowing as the coronavirus pandemic pushed the UK economy deep into recession, official data showed Friday.

At the end of July, total accumulated debt hit £2.004 trillion ($2.61 trillion, 2.2 trillion euros), the Office for National Statistics said in a statement.

(AFP)

Check Also

Stop bloodshed in South-East, release ‘Mama Biafra’, Nnamdi Kanu begs

The leader of the Indigenous People of Biafra, Nnamdi Kanu, has urged that the killings …

Hoodlums attack Oyo sports council chairman over N5m bet loss

The Oyo State Sports Council Chairman, Gbenga Adewusi, has been attacked by suspected hoodlums after …

PDP shifts senatorial primary over disagreement on delegates’ list

The committee conducting the primary election for Peoples Democratic Party in Osun East Senatorial District …

Leave a Reply

Your email address will not be published.